Antero Resources Corp (AR) Shares Bought by Twin Tree Management LP
Twin Tree Management LP raised its holdings in Antero Resources Corp (NYSE:AR) by 998.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 99,009 shares of the oil and natural gas company’s stock after buying an additional 89,994 shares during the quarter. Twin Tree Management LP’s holdings in Antero Resources were worth $1,753,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in AR. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Antero Resources in the second quarter valued at about $197,000. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Antero Resources in the third quarter valued at about $177,000. Standard Life Aberdeen plc acquired a new position in shares of Antero Resources in the second quarter valued at about $254,000. Eqis Capital Management Inc. acquired a new position in shares of Antero Resources in the second quarter valued at about $257,000. Finally, grace capital acquired a new position in shares of Antero Resources in the second quarter valued at about $278,000. Institutional investors own 94.98% of the company’s stock.
A number of research analysts have recently weighed in on AR shares. Scotiabank reissued a “hold” rating and issued a $26.00 price objective on shares of Antero Resources in a report on Monday, October 1st. Zacks Investment Research lowered Antero Resources from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. BMO Capital Markets lowered Antero Resources from an “outperform” rating to a “market perform” rating in a report on Friday, September 21st. They noted that the move was a valuation call. Credit Suisse Group cut their price objective on Antero Resources from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, November 1st. Finally, Citigroup cut their price objective on Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, August 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. Antero Resources currently has an average rating of “Hold” and an average price target of $22.90.
Antero Resources (NYSE:AR) last posted 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 for the quarter, compared to analyst estimates of $1.10 billion. Antero Resources had a return on equity of 2.80% and a net margin of 5.12%. Antero Resources’s revenue for the quarter was up 38.6% compared to the same quarter last year. During the same period last year, the company earned $0.01 earnings per share. Research analysts anticipate that Antero Resources Corp will post 0.83 earnings per share for the current fiscal year.
In related news, Director Richard W. Connor sold 6,907 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $16.49, for a total transaction of $113,896.43. Following the sale, the director now directly owns 26,059 shares of the company’s stock, valued at $429,712.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.40% of the stock is owned by company insiders.
About Antero Resources
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.
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