Wetherby Asset Management Inc. raised its holdings in Antero Resources Corp (NYSE:AR) by 51.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,539 shares of the oil and natural gas company’s stock after purchasing an additional 5,640 shares during the period. Wetherby Asset Management Inc.’s holdings in Antero Resources were worth $50,000 at the end of the most recent quarter.
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A number of other institutional investors and hedge funds have also modified their holdings of the business. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of Antero Resources in the second quarter worth approximately $60,408,000. BlackRock Inc. boosted its stake in shares of Antero Resources by 1.5% in the second quarter. BlackRock Inc. now owns 10,826,468 shares of the oil and natural gas company’s stock worth $59,870,000 after acquiring an additional 158,525 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Antero Resources by 435.1% in the second quarter. Renaissance Technologies LLC now owns 6,312,201 shares of the oil and natural gas company’s stock worth $34,906,000 after acquiring an additional 5,132,465 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Antero Resources by 727.8% in the second quarter. Nuveen Asset Management LLC now owns 3,568,894 shares of the oil and natural gas company’s stock worth $19,737,000 after acquiring an additional 3,137,781 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Antero Resources by 265.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,707,178 shares of the oil and natural gas company’s stock worth $9,441,000 after acquiring an additional 1,239,685 shares during the last quarter. 94.33% of the stock is currently owned by institutional investors.
Antero Resources stock remained flat at $$2.86 during trading on Friday. The company had a trading volume of 6,280,123 shares, compared to its average volume of 8,745,277. Antero Resources Corp has a 52-week low of $2.38 and a 52-week high of $16.45. The firm has a market capitalization of $833.70 million, a P/E ratio of 3.71 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.88. The firm’s 50-day moving average price is $2.85 and its 200 day moving average price is $4.76.
Antero Resources (NYSE:AR) last announced its quarterly earnings data on Tuesday, October 29th. The oil and natural gas company reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.19). Antero Resources had a positive return on equity of 0.32% and a negative net margin of 20.96%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $988.92 million. During the same quarter in the previous year, the business posted $0.07 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts predict that Antero Resources Corp will post -0.35 earnings per share for the current year.
AR has been the topic of a number of research analyst reports. Cfra lowered Antero Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. TD Securities reduced their price objective on Antero Resources from $9.00 to $7.50 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Macquarie upgraded Antero Resources from an “underperform” rating to a “neutral” rating in a research report on Friday, August 2nd. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group reiterated a “neutral” rating and set a $3.00 price objective (down previously from $6.00) on shares of Antero Resources in a research report on Tuesday, October 8th. Finally, Guggenheim set a $7.00 price objective on Antero Resources and gave the stock a “buy” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.28.
About Antero Resources
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
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