New York State Teachers Retirement System Buys 28,211 Shares of Antero Resources Corporation $AR

New York State Teachers Retirement System lifted its stake in shares of Antero Resources Corporation (NYSE:AR) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,180 shares of the oil and natural gas company’s stock after purchasing an additional 28,211 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Antero Resources worth $8,497,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings in Antero Resources by 16,498.3% in the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after acquiring an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Antero Resources by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock worth $23,882,000 after purchasing an additional 43,312 shares during the period. Focus Partners Wealth raised its position in shares of Antero Resources by 18.9% during the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after purchasing an additional 3,169 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Antero Resources by 22.8% in the 1st quarter. Voya Investment Management LLC now owns 184,972 shares of the oil and natural gas company’s stock worth $7,480,000 after purchasing an additional 34,311 shares in the last quarter. Finally, Pallas Capital Advisors LLC grew its position in Antero Resources by 72.4% in the 2nd quarter. Pallas Capital Advisors LLC now owns 15,142 shares of the oil and natural gas company’s stock valued at $610,000 after purchasing an additional 6,361 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Benchmark restated a “hold” rating on shares of Antero Resources in a report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Antero Resources in a report on Monday, December 29th. Tudor Pickering raised shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Citigroup upgraded Antero Resources from a “neutral” rating to a “buy” rating and lifted their price target for the company from $37.00 to $39.00 in a research note on Tuesday, September 23rd. Finally, Zacks Research raised Antero Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $45.94.

Antero Resources Trading Down 0.6%

NYSE:AR opened at $31.76 on Friday. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.01. The firm has a 50-day moving average price of $34.36 and a two-hundred day moving average price of $33.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 16.89 and a beta of 0.50.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.38). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.25 billion. Antero Resources had a net margin of 11.73% and a return on equity of 7.51%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.07) earnings per share. On average, equities analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Antero Resources news, insider Brendan E. Krueger acquired 5,000 shares of Antero Resources stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $33.35 per share, for a total transaction of $166,750.00. Following the purchase, the insider directly owned 295,917 shares of the company’s stock, valued at $9,868,831.95. This trade represents a 1.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.