Renaissance Technologies LLC grew its position in shares of Antero Resources Corp (NYSE:AR) by 435.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,312,201 shares of the oil and natural gas company’s stock after acquiring an additional 5,132,465 shares during the quarter. Renaissance Technologies LLC owned about 2.04% of Antero Resources worth $34,906,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC boosted its position in shares of Antero Resources by 21.5% in the first quarter. Thompson Siegel & Walmsley LLC now owns 11,220,124 shares of the oil and natural gas company’s stock worth $99,074,000 after buying an additional 1,987,140 shares during the period. Board of Trustees of The Leland Stanford Junior University lifted its position in shares of Antero Resources by 198.0% in the 1st quarter. Board of Trustees of The Leland Stanford Junior University now owns 6,693,966 shares of the oil and natural gas company’s stock worth $59,108,000 after purchasing an additional 4,447,772 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Antero Resources by 46.0% in the 1st quarter. JPMorgan Chase & Co. now owns 3,198,782 shares of the oil and natural gas company’s stock worth $28,246,000 after purchasing an additional 1,007,490 shares during the period. First Trust Advisors LP lifted its position in shares of Antero Resources by 20.3% in the 1st quarter. First Trust Advisors LP now owns 1,374,943 shares of the oil and natural gas company’s stock worth $12,141,000 after purchasing an additional 232,249 shares during the period. Finally, DDD Partners LLC purchased a new stake in shares of Antero Resources in the 2nd quarter worth about $7,224,000. Institutional investors own 95.06% of the company’s stock.
AR has been the subject of several research analyst reports. Macquarie raised shares of Antero Resources from an “underperform” rating to a “neutral” rating in a research report on Friday, August 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Friday, July 12th. TD Securities reduced their price objective on shares of Antero Resources from $9.00 to $7.50 and set a “buy” rating for the company in a research note on Friday, August 2nd. Capital One Financial upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, June 18th. Finally, Goldman Sachs Group lowered shares of Antero Resources from a “buy” rating to a “neutral” rating in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.48.
Shares of AR traded down $0.13 during mid-day trading on Friday, hitting $3.41. 168,541 shares of the company traded hands, compared to its average volume of 9,871,602. Antero Resources Corp has a 1-year low of $2.78 and a 1-year high of $20.21. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $1.17 billion, a PE ratio of 4.47 and a beta of 0.79. The business has a 50 day moving average of $3.73 and a 200 day moving average of $6.37.
Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.06 billion. Antero Resources had a positive return on equity of 2.99% and a negative net margin of 4.91%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned $0.02 earnings per share. As a group, research analysts expect that Antero Resources Corp will post -0.33 EPS for the current fiscal year.
Antero Resources Profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
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