Morningstar Investment Services LLC increased its position in shares of Antero Resources Corp (NYSE:AR) by 270.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 387,246 shares of the oil and natural gas company’s stock after acquiring an additional 282,823 shares during the period. Morningstar Investment Services LLC owned about 0.12% of Antero Resources worth $7,687,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AR. Schwab Charles Investment Management Inc. lifted its stake in Antero Resources by 12.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 955,070 shares of the oil and natural gas company’s stock valued at $18,147,000 after purchasing an additional 103,917 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Antero Resources in the 4th quarter valued at approximately $284,000. Strs Ohio lifted its stake in Antero Resources by 25.5% in the 4th quarter. Strs Ohio now owns 289,065 shares of the oil and natural gas company’s stock valued at $5,492,000 after purchasing an additional 58,800 shares during the last quarter. SG Americas Securities LLC bought a new position in Antero Resources in the 4th quarter valued at approximately $191,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in Antero Resources in the 4th quarter valued at approximately $535,000. Institutional investors and hedge funds own 95.49% of the company’s stock.
In other news, insider K. Phil Yoo sold 2,500 shares of the firm’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $18.93, for a total transaction of $47,325.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.40% of the stock is currently owned by company insiders.
Antero Resources opened at $18.27 on Friday, MarketBeat Ratings reports. The firm has a market cap of $5.79 billion, a PE ratio of 152.25, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. Antero Resources Corp has a 52-week low of $16.31 and a 52-week high of $22.68. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.55.
Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, April 25th. The oil and natural gas company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $916.54 million. Antero Resources had a net margin of 10.36% and a return on equity of 1.61%. The company’s revenue for the quarter was up 40.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. research analysts predict that Antero Resources Corp will post 0.93 EPS for the current year.
Several equities analysts recently commented on AR shares. Raymond James downgraded shares of Antero Resources from a “strong-buy” rating to an “outperform” rating and set a $24.00 price objective for the company. in a research note on Monday, January 29th. Jefferies Group set a $23.00 price objective on shares of Antero Resources and gave the company a “hold” rating in a research note on Tuesday, January 30th. ValuEngine downgraded shares of Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, February 14th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $23.00 price objective on shares of Antero Resources in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. Antero Resources presently has an average rating of “Hold” and an average price target of $24.28.
About Antero Resources
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.
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