Strs Ohio Sells 31,755 Shares of Antero Resources Corporation $AR

Strs Ohio cut its holdings in Antero Resources Corporation (NYSE:AR) by 21.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,928 shares of the oil and natural gas company’s stock after selling 31,755 shares during the quarter. Strs Ohio’s holdings in Antero Resources were worth $3,857,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. NewEdge Advisors LLC lifted its holdings in shares of Antero Resources by 16,498.3% during the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock valued at $389,000 after purchasing an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Antero Resources by 7.9% during the 1st 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 valued at $23,882,000 after acquiring an additional 43,312 shares during the period. Focus Partners Wealth boosted its holdings in shares of Antero Resources by 18.9% during the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock valued at $806,000 after acquiring an additional 3,169 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Antero Resources by 30.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 42,238 shares of the oil and natural gas company’s stock worth $1,574,000 after acquiring an additional 9,854 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of Antero Resources by 10.0% in the second quarter. Janney Montgomery Scott LLC now owns 51,118 shares of the oil and natural gas company’s stock worth $2,059,000 after acquiring an additional 4,658 shares during the period. Institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

NYSE AR opened at $35.44 on Tuesday. The business’s fifty day moving average is $34.28 and its 200 day moving average is $33.37. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $44.01. 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 company has a market capitalization of $10.93 billion, a PE ratio of 18.85 and a beta of 0.50.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AR shares. Barclays dropped their target price on shares of Antero Resources from $46.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Wall Street Zen downgraded Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Morgan Stanley reduced their price objective on Antero Resources from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday. BMO Capital Markets increased their target price on Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, December 9th. Finally, Wells Fargo & Company boosted their price target on Antero Resources from $39.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus target price of $45.60.

Insider Buying and Selling at Antero Resources

In other news, insider Brendan E. Krueger acquired 5,000 shares of Antero Resources stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $33.35 per share, with a total value of $166,750.00. Following the completion of the purchase, the insider directly owned 295,917 shares in the company, valued at approximately $9,868,831.95. This trade represents a 1.72% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by insiders.

Antero Resources 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.