CIBC Bancorp USA Inc. Purchases Shares of 2,303,152 Antero Resources Corporation $AR

CIBC Bancorp USA Inc. acquired a new stake in shares of Antero Resources Corporation (NYSE:AR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,303,152 shares of the oil and natural gas company’s stock, valued at approximately $77,294,000. CIBC Bancorp USA Inc. owned about 0.75% of Antero Resources as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of Antero Resources during the third quarter worth $26,000. Sunbelt Securities Inc. acquired a new position in shares of Antero Resources in the 3rd quarter valued at $30,000. Newbridge Financial Services Group Inc. boosted its position in shares of Antero Resources by 114.2% in 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 purchasing an additional 500 shares during the period. Clearstead Advisors LLC increased its stake in Antero Resources by 100.1% in the 3rd quarter. Clearstead Advisors LLC now owns 2,487 shares of the oil and natural gas company’s stock worth $83,000 after purchasing an additional 1,244 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Antero Resources by 701.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after purchasing an additional 2,616 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Antero Resources news, insider Yvette K. Schultz sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $39.33, for a total value of $589,950.00. Following the transaction, the insider owned 319,122 shares in the company, valued at approximately $12,551,068.26. This represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Antero Resources Trading Up 0.3%

Shares of NYSE AR opened at $41.15 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. Antero Resources Corporation has a one year low of $29.10 and a one year high of $44.01. The business has a 50-day moving average price of $35.18 and a two-hundred day moving average price of $34.15. The firm has a market capitalization of $12.69 billion, a PE ratio of 20.37 and a beta of 0.52.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. As a group, analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Benchmark raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Thursday, March 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Antero Resources in a research report on Monday, December 29th. Jefferies Financial Group set a $50.00 price target on shares of Antero Resources in a report on Friday, February 13th. BMO Capital Markets upped their price target on shares of Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Tuesday, December 9th. Finally, Tudor Pickering raised shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Four research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

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.