Deltec Asset Management LLC Raises Stock Holdings in Antero Resources Corporation $AR

Deltec Asset Management LLC raised its stake in shares of Antero Resources Corporation (NYSE:AR) by 91.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 197,000 shares of the oil and natural gas company’s stock after acquiring an additional 94,000 shares during the period. Antero Resources makes up approximately 1.1% of Deltec Asset Management LLC’s holdings, making the stock its 23rd biggest position. Deltec Asset Management LLC owned approximately 0.06% of Antero Resources worth $6,611,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Huntington National Bank lifted its position in Antero Resources by 91.3% during the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 313 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in shares of Antero Resources by 114.2% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after buying an additional 500 shares during the period. FNY Investment Advisers LLC boosted its stake in shares of Antero Resources by 9,900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock worth $60,000 after buying an additional 1,485 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Antero Resources by 701.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after acquiring an additional 2,616 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Antero Resources by 447.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,427 shares of the oil and natural gas company’s stock valued at $141,000 after acquiring an additional 2,801 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Antero Resources Price Performance

Shares of NYSE:AR opened at $31.42 on Friday. The company has a market capitalization of $9.69 billion, a P/E ratio of 16.71 and a beta of 0.50. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $44.01. The firm’s 50 day simple moving average is $34.42 and its two-hundred day simple moving average is $33.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, October 29th. The oil and natural gas company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.38). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.25 billion. Antero Resources had a net margin of 11.73% and a return on equity of 7.51%. The firm’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 earned ($0.07) earnings per share. Research analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Tudor Pickering raised Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. BMO Capital Markets raised their price objective on shares of Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, December 9th. Citigroup upgraded shares of Antero Resources from a “neutral” rating to a “buy” rating and boosted their target price for the company from $37.00 to $39.00 in a research report on Tuesday, September 23rd. Wall Street Zen downgraded shares of Antero Resources from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, Morgan Stanley boosted their price objective on shares of Antero Resources from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $45.47.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.