Oregon Public Employees Retirement Fund acquired a new position in shares of Antero Resources Corporation (NYSE:AR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,827 shares of the oil and natural gas company’s stock, valued at approximately $434,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Balasa Dinverno & Foltz LLC purchased a new position in Antero Resources Corporation during the 3rd quarter worth $211,000. HighTower Advisors LLC purchased a new position in Antero Resources Corporation during the 1st quarter worth $212,000. SG Americas Securities LLC purchased a new position in Antero Resources Corporation during the 2nd quarter worth $215,000. Linscomb & Williams Inc. purchased a new position in Antero Resources Corporation during the 2nd quarter worth $220,000. Finally, PNC Financial Services Group Inc. increased its holdings in Antero Resources Corporation by 22.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock worth $223,000 after purchasing an additional 1,891 shares during the period. Institutional investors own 93.55% of the company’s stock.
Shares of Antero Resources Corporation (NYSE AR) opened at $18.92 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $5,952.83, a price-to-earnings ratio of 99.26 and a beta of 0.95. Antero Resources Corporation has a 52-week low of $17.89 and a 52-week high of $27.23.
Antero Resources Corporation (NYSE:AR) last posted its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $775.30 million during the quarter, compared to analyst estimates of $798.88 million. Antero Resources Corporation had a positive return on equity of 0.78% and a negative net margin of 12.82%. During the same period in the previous year, the business earned $0.18 EPS. research analysts expect that Antero Resources Corporation will post -0.02 earnings per share for the current fiscal year.
AR has been the topic of several research reports. Scotiabank set a $26.00 price objective on Antero Resources Corporation and gave the stock a “buy” rating in a report on Tuesday, August 22nd. BMO Capital Markets set a $24.00 price objective on Antero Resources Corporation and gave the stock a “buy” rating in a report on Thursday, August 10th. Citigroup Inc. reduced their price objective on Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Zacks Investment Research upgraded Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Friday, July 21st. Finally, KeyCorp restated a “buy” rating and set a $33.00 price objective on shares of Antero Resources Corporation in a report on Sunday, September 3rd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $27.74.
In other news, insider Kevin J. Kilstrom sold 82,760 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $19.99, for a total value of $1,654,372.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.20% of the stock is owned by company insiders.
About Antero Resources Corporation
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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