Loomis Sayles & Co. L P Purchases 117,346 Shares of Antero Resources Corporation $AR

Loomis Sayles & Co. L P raised its holdings in shares of Antero Resources Corporation (NYSE:AR) by 15.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 890,580 shares of the oil and natural gas company’s stock after purchasing an additional 117,346 shares during the period. Loomis Sayles & Co. L P owned 0.29% of Antero Resources worth $35,873,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Huntington National Bank lifted its holdings in Antero Resources by 91.3% in the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after buying an additional 313 shares during the period. Coldstream Capital Management Inc. raised its position in shares of Antero Resources by 6.4% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,451 shares of the oil and natural gas company’s stock valued at $220,000 after acquiring an additional 328 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Antero Resources by 10.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,054 shares of the oil and natural gas company’s stock valued at $164,000 after purchasing an additional 371 shares during the period. Compound Planning Inc. lifted its stake in shares of Antero Resources by 5.0% in the 1st quarter. Compound Planning Inc. now owns 9,722 shares of the oil and natural gas company’s stock valued at $393,000 after purchasing an additional 461 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of Antero Resources by 3.9% in the 2nd quarter. ProShare Advisors LLC now owns 12,945 shares of the oil and natural gas company’s stock worth $521,000 after purchasing an additional 484 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AR shares. Barclays dropped their price objective on Antero Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a research report on Wednesday, August 13th. Morgan Stanley decreased their price objective on shares of Antero Resources from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. Wells Fargo & Company upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and set a $39.00 target price on the stock in a report on Monday, November 3rd. Finally, Roth Capital cut shares of Antero Resources from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $44.00 to $32.00 in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Antero Resources has an average rating of “Moderate Buy” and an average target price of $44.00.

Antero Resources Price Performance

NYSE:AR opened at $36.43 on Friday. The stock has a market capitalization of $11.24 billion, a PE ratio of 19.38 and a beta of 0.62. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $44.01. The firm has a fifty day simple moving average of $33.28 and a 200 day simple moving average of $34.92. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.25 billion. Antero Resources had a return on equity of 7.55% and a net margin of 11.73%.The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.07) EPS. On average, research analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Insider Activity

In other news, insider Brendan E. Krueger bought 5,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were bought at an average price of $33.35 per share, with a total value of $166,750.00. Following the completion of the transaction, the insider owned 295,917 shares of the company’s stock, valued at $9,868,831.95. This trade represents a 1.72% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Antero Resources Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.