Cascade Investment Advisors Inc. Has $313,000 Holdings in Antero Resources Corp (AR)
Cascade Investment Advisors Inc. raised its holdings in shares of Antero Resources Corp (NYSE:AR) by 84.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,475 shares of the oil and natural gas company’s stock after buying an additional 16,225 shares during the period. Cascade Investment Advisors Inc.’s holdings in Antero Resources were worth $313,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sterling Investment Advisors Ltd. boosted its holdings in shares of Antero Resources by 50.0% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 3,000 shares of the oil and natural gas company’s stock worth $28,000 after purchasing an additional 1,000 shares during the period. Quantamental Technologies LLC purchased a new stake in Antero Resources in the fourth quarter worth about $45,000. Financial Architects Inc purchased a new stake in Antero Resources in the fourth quarter worth about $56,000. TD Asset Management Inc. purchased a new stake in Antero Resources in the fourth quarter worth about $98,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Antero Resources in the first quarter worth about $106,000. Institutional investors and hedge funds own 98.53% of the company’s stock.
AR has been the subject of several research analyst reports. Cowen initiated coverage on shares of Antero Resources in a report on Tuesday, April 9th. They issued a “market perform” rating and a $11.00 price objective for the company. Scotiabank restated a “hold” rating and issued a $18.00 price objective on shares of Antero Resources in a report on Thursday, February 14th. Stifel Nicolaus set a $17.00 price objective on shares of Antero Resources and gave the stock a “buy” rating in a report on Friday, March 22nd. TD Securities lowered their price objective on shares of Antero Resources from $24.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, December 19th. Finally, Goldman Sachs Group initiated coverage on shares of Antero Resources in a report on Friday. They issued a “buy” rating and a $10.50 price objective for the company. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.19.
Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, February 13th. The oil and natural gas company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.09. Antero Resources had a negative net margin of 9.60% and a positive return on equity of 3.67%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm earned $0.33 earnings per share. The business’s revenue for the quarter was up 34.5% on a year-over-year basis. On average, sell-side analysts anticipate that Antero Resources Corp will post 0.89 EPS for the current year.
In other news, insider Paul M. Rady purchased 12,200 shares of Antero Resources stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average price of $8.30 per share, with a total value of $101,260.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul M. Rady purchased 12,239 shares of Antero Resources stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average cost of $8.34 per share, with a total value of $102,073.26. Following the transaction, the insider now directly owns 9,579,520 shares of the company’s stock, valued at $79,893,196.80. The disclosure for this purchase can be found here. 9.40% of the stock is currently owned by company insiders.
Antero Resources Company Profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
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