|Bid||2.6600 x 4000|
|Ask||2.7100 x 21500|
|Day's Range||2.6550 - 2.9700|
|52 Week Range||1.8600 - 11.4700|
|Beta (5Y Monthly)||0.71|
|PE Ratio (TTM)||42.70|
|Earnings Date||Feb 11, 2020 - Feb 17, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.88|
Moody's Investors Service ("Moody's") downgraded Antero Midstream Partners LP's (AM) Corporate Family Rating (CFR) to Ba3 from Ba2, Probability of Default Rating (PDR) to Ba3-PD from Ba2-PD and senior unsecured notes to B1 from Ba3. The Speculative Grade Liquidity Rating was unchanged at SGL-3. "The downgrade was prompted by the ratings downgrade of Antero Resources Corporation, the primary customer of Antero Midstream," commented Sajjad Alam, Moody's Senior Analyst.
Moody's Investors Service ("Moody's") downgraded Antero Resources Corporation's (Antero) Corporate Family Rating (CFR) to Ba3 from Ba2, Probability of Default Rating (PDR) to Ba3-PD from Ba2-PD, and senior unsecured notes to B1 from Ba3. The Speculative Grade Liquidity Rating was unchanged at SGL-3. This concludes Moody's review of Antero's ratings that was initiated on October 21, 2019.
Another big name in the Appalachian shale play plans to sell off assets in 2020. Antero Resources Corp. (NYSE: AR), a pure-play in the Marcellus and Utica with a big presence in West Virginia, announced plans to sell between $750 million and $1 billion in assets in 2020 in an effort to reduce its debt. Antero is the largest natural gas producer in West Virginia, with 547 million cubic feet of production in 2017, according to data from the West Virginia Oil and Natural Gas Association.
Antero Resources Corporation (NYSE: AR) ("Antero Resources" or the "Company") today announced that it has entered into agreements expected to reduce its gathering, processing and transportation costs by approximately $350 million over the next four years. The agreements include a growth incentive fee program with Antero Midstream Corporation ("Antero Midstream" or "AM") that aligns with the Company's current 8% to 10% compound annual production growth plan through 2021 and additional agreements with other third party midstream providers. Antero Resources also announced commencement of an asset sale program targeting $750 million to $1 billion in proceeds to be completed in 2020. The asset sale program was initiated with a $100 million sale of AM shares to Antero Midstream. The amendment to the gathering agreement and the share repurchase with Antero Midstream were negotiated and recommended by the Conflicts Committees of Antero Midstream and Antero Resources and approved by both Boards of Directors.
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
The times, said Hart Energy's Paul Hart in opening the conference with a movie quote, are bad. But, he said, the Marcellus and Utica — one of the largest gas fields in the world — has all of the ingredients to take advantage when conditions get better.
Antero Resources (AR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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Antero Resources' (AR) third-quarter 2019 results are affected by higher operating expenses and lower commodity prices, partially offset by an increase in production volumes.
Antero Resources (AR) delivered earnings and revenue surprises of -88.46% and 18.44%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
DENVER , Oct. 29, 2019 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero," "Antero Resources," or the "Company") today released its third quarter 2019 financial ...
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Antero Resources Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's assessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers, which was followed by a rating committee. The rating committee resulted in the ratings being placed under review for downgrade on 21 October 2019 and that review for downgrade has not yet been concluded.
NOTE: On October 22, 2019, the press release was corrected as follows: The last sentence of the first paragraph of the RATINGS RATIONALE section was changed to: Moodys expects that the review may result in a one or two notch downgrade of Anteros ratings. Revised release follows. The Speculative Grade Liquidity Rating was downgraded to SGL-3 from SGL-2.
"These actions are linked to our rating action on Antero Resources Corporation (Antero), which was also placed under review for downgrade on October 21, 2019," said Sajjad Alam, Moody's Senior Analyst.
DENVER , Oct. 16, 2019 /PRNewswire/ -- Antero Resources (NYSE: AR) ("Antero" or the "Company") announced today that the Company plans to issue its third quarter earnings release on ...
Running an oil and gas company is a well-paying gig, no matter how you look at it. The industry is famed for making company leaders rich, especially in boom times. The CEOs of oil and natural gas businesses based in Denver receive annual compensation worth millions of dollars, ranking them among the top-paid executives in the city.