Antero Resources Corp (AR) Shares Sold by Bessemer Group Inc.
Bessemer Group Inc. trimmed its stake in Antero Resources Corp (NYSE:AR) by 4.9% in the third quarter, HoldingsChannel reports. The firm owned 83,523 shares of the oil and natural gas company’s stock after selling 4,282 shares during the quarter. Bessemer Group Inc.’s holdings in Antero Resources were worth $1,480,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Achmea Investment Management B.V. acquired a new stake in shares of Antero Resources in the third quarter worth $499,000. Poplar Forest Capital LLC grew its stake in shares of Antero Resources by 31.9% in the third quarter. Poplar Forest Capital LLC now owns 1,967,016 shares of the oil and natural gas company’s stock worth $34,836,000 after acquiring an additional 475,948 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Antero Resources by 14.4% in the third quarter. Wells Fargo & Company MN now owns 243,880 shares of the oil and natural gas company’s stock worth $4,319,000 after acquiring an additional 30,775 shares during the last quarter. Kays Financial Advisory Corp ADV grew its stake in shares of Antero Resources by 111.3% in the third quarter. Kays Financial Advisory Corp ADV now owns 134,474 shares of the oil and natural gas company’s stock worth $2,382,000 after acquiring an additional 70,830 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Antero Resources in the third quarter worth $2,717,000. 94.95% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on AR shares. Scotiabank restated a “hold” rating and issued a $26.00 price objective on shares of Antero Resources in a research note on Monday, October 1st. Zacks Investment Research downgraded shares of Antero Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Credit Suisse Group lowered their price objective on shares of Antero Resources from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, November 1st. BMO Capital Markets set a $15.00 price objective on shares of Antero Resources and gave the stock a “hold” rating in a research note on Monday, November 12th. Finally, Citigroup lowered their price objective on shares of Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, August 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.90.
Shares of AR stock opened at $14.05 on Monday. The firm has a market capitalization of $4.46 billion, a P/E ratio of 117.08, a PEG ratio of 0.84 and a beta of 0.78. Antero Resources Corp has a one year low of $13.87 and a one year high of $22.69. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11.
Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Antero Resources had a return on equity of 2.80% and a net margin of 5.12%. Antero Resources’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same period last year, the business earned $0.01 earnings per share. As a group, sell-side analysts predict that Antero Resources Corp will post 0.83 earnings per share for the current fiscal year.
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Antero Resources Profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.
Further Reading: Market Capitalization in the Stock Market
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