Gargoyle Investment Advisor L.L.C. Takes Position in Antero Resources Corp. (AR)
Gargoyle Investment Advisor L.L.C. bought a new stake in Antero Resources Corp. (NYSE:AR) during the second quarter, Holdings Channel reports. The firm bought 40,061 shares of the company’s stock, valued at approximately $1,041,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Antero Resources Corp. during the fourth quarter valued at $8,661,000. Glenmede Trust Co. NA purchased a new position in shares of Antero Resources Corp. during the first quarter valued at $251,000. Aperio Group LLC raised its position in shares of Antero Resources Corp. by 17.7% in the first quarter. Aperio Group LLC now owns 178,423 shares of the company’s stock valued at $4,437,000 after buying an additional 26,827 shares during the last quarter. Nisa Investment Advisors L.L.C. purchased a new position in shares of Antero Resources Corp. during the first quarter valued at $888,000. Finally, TIAA CREF Investment Management LLC raised its position in shares of Antero Resources Corp. by 114.8% in the first quarter. TIAA CREF Investment Management LLC now owns 284,301 shares of the company’s stock valued at $7,071,000 after buying an additional 151,974 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.
Antero Resources Corp. (NYSE:AR) traded down 0.66% during midday trading on Tuesday, reaching $27.04. The company had a trading volume of 2,990,691 shares. Antero Resources Corp. has a 12 month low of $18.50 and a 12 month high of $30.66. The stock has a market cap of $8.31 billion, a P/E ratio of 83.46 and a beta of 1.09. The firm has a 50-day moving average of $26.70 and a 200-day moving average of $26.85.
Antero Resources Corp. (NYSE:AR) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Antero Resources Corp. had a return on equity of 1.19% and a net margin of 15.72%. The company earned $376.70 million during the quarter, compared to analysts’ expectations of $676.46 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, equities analysts expect that Antero Resources Corp. will post $0.10 EPS for the current fiscal year.
A number of brokerages have recently commented on AR. Vetr lowered Antero Resources Corp. from a “hold” rating to a “sell” rating and set a $29.14 price objective on the stock. in a report on Tuesday, June 7th. BMO Capital Markets reissued a “buy” rating on shares of Antero Resources Corp. in a report on Monday, June 13th. Deutsche Bank AG lowered their price objective on Antero Resources Corp. from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Tuesday, June 14th. Credit Suisse Group AG reissued an “outperform” rating and set a $39.00 price objective (up previously from $35.00) on shares of Antero Resources Corp. in a report on Tuesday, June 14th. Finally, Zacks Investment Research raised Antero Resources Corp. from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Tuesday, June 28th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $31.40.
In other news, insider Ward D. Mcneilly sold 28,037 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $27.35, for a total transaction of $766,811.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Glen C. Warren, Jr. sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $27.38, for a total value of $27,380,000.00. The disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.
About Antero Resources Corp.
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 compression; water handling and treatment, and marketing of excess firm transportation capacity.
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