Mraz Amerine & Associates Inc. Reduces Holdings in Antero Resources Corporation $AR

Mraz Amerine & Associates Inc. decreased its position in shares of Antero Resources Corporation (NYSE:AR) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 144,655 shares of the oil and natural gas company’s stock after selling 1,147 shares during the quarter. Antero Resources makes up 0.9% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 18th largest position. Mraz Amerine & Associates Inc.’s holdings in Antero Resources were worth $5,827,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AR. Invesco Ltd. grew its stake in Antero Resources by 44.3% in the 1st quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock valued at $179,567,000 after buying an additional 1,362,370 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Antero Resources by 10.7% in the first quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company’s stock worth $178,868,000 after acquiring an additional 428,167 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Antero Resources by 2.7% in the second quarter. Assenagon Asset Management S.A. now owns 3,843,592 shares of the oil and natural gas company’s stock valued at $154,820,000 after purchasing an additional 99,635 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Antero Resources by 46.1% in the first quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company’s stock valued at $92,563,000 after purchasing an additional 721,767 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Antero Resources by 12.1% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,147,218 shares of the oil and natural gas company’s stock valued at $86,490,000 after purchasing an additional 232,420 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on AR. Roth Capital downgraded Antero Resources from a “buy” rating to a “neutral” rating and cut their target price for the stock from $44.00 to $32.00 in a research note on Monday, August 18th. Barclays raised their price objective on shares of Antero Resources from $38.00 to $43.00 and gave the company an “equal weight” rating in a research report on Monday, July 7th. Morgan Stanley upped their target price on shares of Antero Resources from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Antero Resources in a research note on Saturday, September 27th. Finally, Mizuho reduced their price target on shares of Antero Resources from $49.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.38.

Antero Resources Stock Up 1.7%

AR opened at $33.90 on Tuesday. The business’s fifty day simple moving average is $32.57 and its 200 day simple moving average is $35.75. Antero Resources Corporation has a 52 week low of $25.36 and a 52 week high of $44.01. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The stock has a market cap of $10.47 billion, a PE ratio of 21.59 and a beta of 0.56.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.33). The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.Antero Resources’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.21) earnings per share. As a group, research analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

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.