BlackRock Inc. raised its position in shares of Antero Resources Corporation (NYSE:AR) by 2,440.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,550,873 shares of the oil and natural gas company’s stock after buying an additional 8,214,276 shares during the period. BlackRock Inc.’s holdings in Antero Resources Corporation were worth $195,044,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of AR. DnB Asset Management AS increased its stake in shares of Antero Resources Corporation by 13.9% in the first quarter. DnB Asset Management AS now owns 12,253 shares of the oil and natural gas company’s stock worth $279,000 after buying an additional 1,500 shares during the last quarter. Benson Investment Management Company Inc. acquired a new stake in shares of Antero Resources Corporation during the first quarter worth approximately $1,470,000. Bank of Montreal Can increased its stake in shares of Antero Resources Corporation by 11.5% in the first quarter. Bank of Montreal Can now owns 462,973 shares of the oil and natural gas company’s stock worth $10,561,000 after buying an additional 47,888 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Antero Resources Corporation by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 51,914 shares of the oil and natural gas company’s stock worth $1,184,000 after buying an additional 1,200 shares during the last quarter. Finally, S&CO Inc. increased its stake in shares of Antero Resources Corporation by 5.8% in the first quarter. S&CO Inc. now owns 25,949 shares of the oil and natural gas company’s stock worth $592,000 after buying an additional 1,421 shares during the last quarter. 91.59% of the stock is owned by institutional investors.
Shares of Antero Resources Corporation (AR) opened at 19.45 on Monday. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 452.33 and a beta of 0.95. Antero Resources Corporation has a 1-year low of $18.88 and a 1-year high of $28.30. The company’s 50-day moving average price is $21.31 and its 200 day moving average price is $22.59.
Antero Resources Corporation (NYSE:AR) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The business had revenue of $736 million during the quarter, compared to analysts’ expectations of $778.55 million. During the same quarter in the previous year, the company posted $0.14 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts predict that Antero Resources Corporation will post $0.42 earnings per share for the current fiscal year.
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A number of brokerages recently commented on AR. BidaskClub raised Antero Resources Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Cowen and Company set a $25.00 target price on Antero Resources Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Evercore ISI downgraded Antero Resources Corporation to an “outperform” rating in a research report on Wednesday, April 19th. Wolfe Research downgraded Antero Resources Corporation from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 15th. Finally, Scotiabank set a $27.00 target price on Antero Resources Corporation and gave the stock a “buy” rating in a research report on Saturday, July 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.33.
In other Antero Resources Corporation news, insider K. Phil Yoo sold 3,785 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total value of $77,781.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ward D. Mcneilly sold 24,000 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $22.05, for a total value of $529,200.00. The disclosure for this sale can be found here. Corporate insiders own 10.80% of the company’s stock.
Antero Resources Corporation Company Profile
Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.
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