26,850 Shares in Antero Resources Corporation $AR Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. bought a new stake in Antero Resources Corporation (NYSE:AR) during the third quarter, HoldingsChannel reports. The fund bought 26,850 shares of the oil and natural gas company’s stock, valued at approximately $901,000.

Several other hedge funds have also recently added to or reduced their stakes in AR. Vanguard Group Inc. boosted its holdings in shares of Antero Resources by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company’s stock worth $1,200,249,000 after purchasing an additional 350,018 shares in the last quarter. Sourcerock Group LLC raised its holdings in shares of Antero Resources by 10.6% during the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after buying an additional 783,117 shares in the last quarter. Invesco Ltd. lifted its position in Antero Resources by 18.4% in the 2nd quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock worth $211,805,000 after buying an additional 817,977 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Antero Resources by 4.1% in the second quarter. Ameriprise Financial Inc. now owns 2,382,707 shares of the oil and natural gas company’s stock worth $95,975,000 after buying an additional 93,895 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Antero Resources by 2.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,056,543 shares of the oil and natural gas company’s stock worth $82,838,000 after buying an additional 53,119 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $34.01 on Tuesday. The company’s fifty day simple moving average is $33.86 and its two-hundred day simple moving average is $33.41. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $44.01. The firm has a market cap of $10.49 billion, a PE ratio of 16.84 and a beta of 0.55. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on AR shares. Barclays decreased their price target on shares of Antero Resources from $46.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed 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 note on Tuesday, December 2nd. Wall Street Zen lowered shares of Antero Resources from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, UBS Group reiterated a “buy” rating and issued a $45.00 price objective on shares of Antero Resources in a report on Friday, February 13th. Four analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus target price of $45.93.

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.