Vanguard Group Inc. Trims Stock Holdings in Antero Resources Corporation $AR

Vanguard Group Inc. lowered its stake in Antero Resources Corporation (NYSE:AR) by 1.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 29,498,896 shares of the oil and natural gas company’s stock after selling 298,757 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Antero Resources worth $989,983,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Huntington National Bank raised its stake in shares of Antero Resources by 91.3% in the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after acquiring an additional 313 shares during the period. Root Financial Partners LLC purchased a new position in shares of Antero Resources during the 3rd quarter worth approximately $26,000. Newbridge Financial Services Group Inc. increased its holdings in Antero Resources by 114.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after purchasing an additional 500 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Antero Resources by 701.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after purchasing an additional 2,616 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Antero Resources by 12.1% during the third quarter. Smartleaf Asset Management LLC now owns 3,840 shares of the oil and natural gas company’s stock worth $129,000 after purchasing an additional 413 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays dropped their price objective on Antero Resources from $46.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. BMO Capital Markets raised 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. Tudor Pickering raised Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Jefferies Financial Group set a $50.00 price target on shares of Antero Resources in a research report on Friday, February 13th. Finally, Zacks Research raised shares of Antero Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Four research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and a consensus target price of $45.93.

Antero Resources Price Performance

Shares of NYSE AR opened at $35.54 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 17.59 and a beta of 0.55. The stock’s 50-day moving average is $33.87 and its two-hundred day moving average is $33.40. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $44.01.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. Analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

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.