Teacher Retirement System of Texas Buys 16,231 Shares of Antero Resources Corporation $AR

Teacher Retirement System of Texas boosted its stake in Antero Resources Corporation (NYSE:AR) by 15.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,754 shares of the oil and natural gas company’s stock after acquiring an additional 16,231 shares during the period. Teacher Retirement System of Texas’ holdings in Antero Resources were worth $4,019,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in shares of Antero Resources by 16,498.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock valued at $389,000 after purchasing an additional 9,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Antero Resources by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock valued at $23,882,000 after buying an additional 43,312 shares during the period. Focus Partners Wealth boosted its position in Antero Resources by 18.9% during the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock valued at $806,000 after acquiring an additional 3,169 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Antero Resources by 30.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 42,238 shares of the oil and natural gas company’s stock valued at $1,574,000 after acquiring an additional 9,854 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Antero Resources by 10.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 51,118 shares of the oil and natural gas company’s stock worth $2,059,000 after acquiring an additional 4,658 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Transactions at Antero Resources

In related news, insider Brendan E. Krueger acquired 5,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was purchased at an average cost of $33.35 per share, with a total value of $166,750.00. Following the acquisition, the insider owned 295,917 shares of the company’s stock, valued at approximately $9,868,831.95. This trade represents a 1.72% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

AR has been the topic of several research analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $39.00 target price (down previously from $44.00) on shares of Antero Resources in a research report on Monday, December 8th. Wells Fargo & Company increased their price target on Antero Resources from $39.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Jefferies Financial Group lowered their price objective on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Roth Mkm reiterated a “neutral” rating and set a $36.00 target price on shares of Antero Resources in a research report on Monday, December 8th. Finally, Zacks Research raised shares of Antero Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Antero Resources Price Performance

Shares of NYSE:AR opened at $34.36 on Wednesday. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $44.01. The stock’s 50 day moving average is $34.27 and its 200-day moving average is $33.36. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 18.28 and a beta of 0.50.

Antero Resources (NYSE:AR) last announced 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). Antero Resources had a net margin of 11.73% and a return on equity of 7.51%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm posted ($0.07) EPS. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. Sell-side analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Antero Resources 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.