Tortoise Capital Advisors L.L.C. Has $8.82 Million Position in Antero Resources Corporation (AR)
Tortoise Capital Advisors L.L.C. increased its stake in shares of Antero Resources Corporation (NYSE:AR) by 70.4% during the second quarter, Holdings Channel reports. The firm owned 407,937 shares of the oil and natural gas company’s stock after buying an additional 168,589 shares during the period. Tortoise Capital Advisors L.L.C.’s holdings in Antero Resources Corporation were worth $8,816,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. increased its position 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 period. First Quadrant L P CA bought a new position in Antero Resources Corporation during the first quarter valued at $141,000. Advisors Capital Management LLC bought a new position in Antero Resources Corporation during the first quarter valued at $156,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position 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 period. Finally, Nomura Holdings Inc. bought a new position in Antero Resources Corporation during the first quarter valued at $204,000. Institutional investors own 91.59% of the company’s stock.
Shares of Antero Resources Corporation (AR) opened at 19.52 on Tuesday. Antero Resources Corporation has a 52 week low of $19.15 and a 52 week high of $28.30. The company has a market capitalization of $6.15 billion, a PE ratio of 453.95 and a beta of 0.95. The firm’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 for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01. The company had revenue of $736 million during the quarter, compared to analysts’ expectations of $778.55 million. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. Equities analysts predict that Antero Resources Corporation will post $0.41 EPS for the current year.
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Several equities analysts recently weighed in on AR shares. BMO Capital Markets reiterated a “buy” rating and set a $26.00 target price on shares of Antero Resources Corporation in a research report on Thursday, June 22nd. Scotiabank set a $31.00 target price on Antero Resources Corporation and gave the company a “buy” rating in a research report on Monday, May 8th. Zacks Investment Research upgraded Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, July 11th. Citigroup Inc. lowered their target price on Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $25.00 target price on shares of Antero Resources Corporation in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company 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 dated Tuesday, August 1st. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul M. Rady acquired 500,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of $21.11 per share, with a total value of $10,555,000.00. The disclosure for this purchase can be found here. Company 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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