Antero Resources Corp. (AR) Position Boosted by BlackRock Advisors LLC
BlackRock Advisors LLC raised its position in shares of Antero Resources Corp. (NYSE:AR) by 76.5% during the second quarter, Holdings Channel reports. The fund owned 206,391 shares of the company’s stock after buying an additional 89,457 shares during the period. BlackRock Advisors LLC owned approximately 0.07% of Antero Resources Corp. worth $5,362,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AR. Aviva PLC increased its position in Antero Resources Corp. by 1.5% in the first quarter. Aviva PLC now owns 28,859 shares of the company’s stock worth $718,000 after buying an additional 416 shares during the period. Shell Asset Management Co. increased its position in Antero Resources Corp. by 18.7% in the second quarter. Shell Asset Management Co. now owns 4,946 shares of the company’s stock worth $128,000 after buying an additional 779 shares during the period. Ameriprise Financial Inc. increased its position in Antero Resources Corp. by 19.1% in the second quarter. Ameriprise Financial Inc. now owns 17,477 shares of the company’s stock worth $454,000 after buying an additional 2,805 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Antero Resources Corp. by 57.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,441 shares of the company’s stock worth $297,000 after buying an additional 4,188 shares during the period. Finally, CIBC Asset Management Inc increased its position in Antero Resources Corp. by 38.4% in the second quarter. CIBC Asset Management Inc now owns 15,232 shares of the company’s stock worth $396,000 after buying an additional 4,228 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.
Antero Resources Corp. (NYSE:AR) opened at 27.51 on Monday. The company has a market capitalization of $8.45 billion, a PE ratio of 84.91 and a beta of 1.09. The company has a 50-day moving average price of $26.80 and a 200-day moving average price of $26.94. Antero Resources Corp. has a one year low of $18.50 and a one year high of $30.66.
Antero Resources Corp. (NYSE:AR) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company earned $376.70 million during the quarter, compared to the consensus estimate of $676.46 million. Antero Resources Corp. had a net margin of 15.72% and a return on equity of 1.19%. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Analysts expect that Antero Resources Corp. will post $0.10 earnings per share for the current fiscal year.
Several research firms recently weighed in on AR. GMP Securities began coverage on Antero Resources Corp. in a research note on Wednesday, September 28th. They issued a “hold” rating and a $29.00 price target on the stock. Morgan Stanley set a $39.00 price target on Antero Resources Corp. and gave the stock a “hold” rating in a research note on Thursday, August 11th. Seaport Global Securities upgraded Antero Resources Corp. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $32.00 to $36.00 in a research note on Monday, July 18th. Zacks Investment Research upgraded Antero Resources Corp. from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, October 11th. Finally, Evercore ISI downgraded Antero Resources Corp. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 20th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Antero Resources Corp. has a consensus rating of “Buy” and an average target price of $31.40.
In other Antero Resources Corp. news, insider Glen C. Warren, Jr. sold 1,000,000 shares of Antero Resources Corp. stock in a transaction on Monday, August 8th. The shares were sold at an average price of $27.38, for a total value of $27,380,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Ward D. Mcneilly sold 28,037 shares of Antero Resources Corp. stock in a transaction on Friday, August 12th. The stock was sold at an average price of $27.35, for a total transaction of $766,811.95. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by corporate insiders.
Antero Resources Corp. 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 compression; water handling and treatment, and marketing of excess firm transportation capacity.
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