Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Antero Resources Corporation (NYSE:AR) by 11.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,224 shares of the oil and natural gas company’s stock after acquiring an additional 3,186 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Antero Resources Corporation were worth $675,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AR. Daiwa Securities Group Inc. grew its stake in shares of Antero Resources Corporation by 29.4% in the first quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the oil and natural gas company’s stock worth $100,000 after acquiring an additional 1,000 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of Antero Resources Corporation by 268.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the oil and natural gas company’s stock worth $185,000 after acquiring an additional 5,900 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Antero Resources Corporation in the first quarter worth $204,000. Sei Investments Co. lifted its holdings in shares of Antero Resources Corporation by 174.6% during the first quarter. Sei Investments Co. now owns 9,209 shares of the oil and natural gas company’s stock valued at $210,000 after purchasing an additional 5,855 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Antero Resources Corporation during the first quarter valued at $212,000. 93.61% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Antero Resources Corporation (AR) opened at 19.97 on Wednesday. The firm has a 50-day moving average price of $19.59 and a 200-day moving average price of $21.39. Antero Resources Corporation has a 12 month low of $18.23 and a 12 month high of $28.30. The stock has a market cap of $6.30 billion, a PE ratio of 464.42 and a beta of 0.95.
Antero Resources Corporation (NYSE:AR) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The firm had revenue of $736.00 million for the quarter, compared to analyst estimates of $778.55 million. During the same period in the prior year, the firm posted $0.14 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. Equities analysts forecast that Antero Resources Corporation will post $0.30 EPS for the current year.
In other news, insider Ward D. Mcneilly sold 24,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $22.05, for a total value of $529,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider K. Phil Yoo sold 3,785 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $20.55, for a total value of $77,781.75. The disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.
A number of research analysts have recently issued reports on the company. BMO Capital Markets set a $24.00 price target on Antero Resources Corporation and gave the company a “buy” rating in a report on Thursday, August 10th. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Antero Resources Corporation in a report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 price target on shares of Antero Resources Corporation in a report on Friday, July 21st. BidaskClub downgraded Antero Resources Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research raised Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Antero Resources Corporation currently has a consensus rating of “Buy” and an average target price of $29.82.
Antero Resources Corporation Profile
Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.
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