Principal Financial Group Inc. grew its holdings in Antero Resources Corporation (NYSE:AR) by 38.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,044 shares of the oil and natural gas company’s stock after purchasing an additional 10,855 shares during the quarter. Principal Financial Group Inc.’s holdings in Antero Resources Corporation were worth $844,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the business. Evergreen Capital Management LLC acquired a new position in Antero Resources Corporation in the second quarter worth $3,110,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Antero Resources Corporation by 11.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,224 shares of the oil and natural gas company’s stock worth $675,000 after purchasing an additional 3,186 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Antero Resources Corporation by 40.1% in the second quarter. Neuberger Berman Group LLC now owns 1,093,416 shares of the oil and natural gas company’s stock worth $23,629,000 after purchasing an additional 313,014 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Antero Resources Corporation by 30.7% in the second quarter. Pacer Advisors Inc. now owns 33,942 shares of the oil and natural gas company’s stock worth $733,000 after purchasing an additional 7,963 shares in the last quarter. Finally, Utah Retirement Systems boosted its stake in Antero Resources Corporation by 28.7% in the second quarter. Utah Retirement Systems now owns 42,200 shares of the oil and natural gas company’s stock worth $912,000 after purchasing an additional 9,400 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors.
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In other Antero Resources Corporation news, insider K. Phil Yoo sold 3,785 shares of Antero Resources Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total transaction of $77,781.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 9.20% of the stock is currently owned by insiders.
Antero Resources Corporation (AR) opened at 20.34 on Wednesday. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 473.02 and a beta of 0.96. Antero Resources Corporation has a 1-year low of $18.23 and a 1-year high of $28.10. The firm has a 50-day moving average price of $20.00 and a 200 day moving average price of $20.86.
Antero Resources Corporation (NYSE:AR) last announced its earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The company had revenue of $736.00 million for the quarter, compared to analyst estimates of $778.55 million. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. Equities analysts predict that Antero Resources Corporation will post $0.31 earnings per share for the current year.
A number of equities analysts have commented on AR shares. BidaskClub raised Antero Resources Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Wolfe Research lowered Antero Resources Corporation from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 15th. BMO Capital Markets reissued a “buy” rating and issued a $26.00 price objective on shares of Antero Resources Corporation in a research note on Thursday, June 22nd. Scotiabank set a $27.00 price objective on Antero Resources Corporation and gave the stock a “buy” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research raised Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $28.78.
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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