Strs Ohio boosted its position in Antero Resources Corporation (NYSE:AR) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 230,265 shares of the oil and natural gas company’s stock after buying an additional 721 shares during the period. Strs Ohio’s holdings in Antero Resources Corporation were worth $4,976,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in AR. Advisors Capital Management LLC acquired a new position in shares of Antero Resources Corporation during the first quarter worth about $156,000. Daiwa Securities Group Inc. increased its stake in Antero Resources Corporation by 29.4% in the first quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the oil and natural gas company’s stock valued at $100,000 after buying an additional 1,000 shares during the last quarter. First Quadrant L P CA purchased a new stake in Antero Resources Corporation during the first quarter valued at $141,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Antero Resources Corporation by 268.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the oil and natural gas company’s stock valued at $185,000 after buying an additional 5,900 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Antero Resources Corporation during the first quarter valued at $204,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.
Antero Resources Corporation (AR) opened at 19.45 on Monday. The stock has a market cap of $6.12 billion, a PE ratio of 452.33 and a beta of 0.95. The stock has a 50 day moving average price of $21.31 and a 200-day moving average price of $22.59. Antero Resources Corporation has a 12 month low of $18.88 and a 12 month high of $28.30.
Antero Resources Corporation (NYSE:AR) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) 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 firm had revenue of $736 million during the quarter, compared to the consensus estimate of $778.55 million. During the same period in the prior year, the firm posted $0.14 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts expect that Antero Resources Corporation will post $0.42 EPS for the current year.
Several brokerages recently weighed in on AR. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Antero Resources Corporation in a report on Thursday. Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 price objective on shares of Antero Resources Corporation in a research report on Friday, July 21st. Zacks Investment Research cut Antero Resources Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub cut Antero Resources Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Scotiabank set a $31.00 price objective on Antero Resources Corporation and gave the stock a “buy” rating in a research report on Monday, May 8th. 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. The company has an average rating of “Hold” and a consensus price target of $30.33.
In other news, insider K. Phil Yoo sold 3,785 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul M. Rady acquired 500,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average cost of $21.11 per share, for a total transaction of $10,555,000.00. The disclosure for this purchase can be found here. 10.80% of the stock is currently owned by insiders.
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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