Antero Resources Co. (NYSE:AR) Shares Acquired by Fmr LLC

Fmr LLC grew its position in Antero Resources Co. (NYSE:AR) by 6,962,882.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,641,527 shares of the oil and natural gas company’s stock after purchasing an additional 16,641,288 shares during the period. Fmr LLC owned approximately 5.30% of Antero Resources worth $250,122,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AR. Harvest Fund Management Co. Ltd purchased a new stake in shares of Antero Resources during the 1st quarter valued at about $30,000. Captrust Financial Advisors purchased a new stake in shares of Antero Resources during the 1st quarter valued at about $47,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Antero Resources during the 2nd quarter valued at about $52,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Antero Resources during the 1st quarter valued at about $55,000. Finally, William Marsh Rice University purchased a new stake in shares of Antero Resources during the 1st quarter valued at about $166,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

Shares of NYSE AR opened at $19.29 on Thursday. Antero Resources Co. has a twelve month low of $3.24 and a twelve month high of $21.25. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of -5.46 and a beta of 4.75. The business has a 50 day simple moving average of $15.92 and a 200-day simple moving average of $13.57.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, July 28th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.08). Antero Resources had a negative net margin of 29.70% and a positive return on equity of 3.58%. The company had revenue of $489.37 million for the quarter, compared to analyst estimates of $1.20 billion. As a group, equities analysts predict that Antero Resources Co. will post 1.51 earnings per share for the current year.

In other Antero Resources news, Director W Howard Keenan, Jr. sold 100,000 shares of the business’s stock in a transaction on Thursday, August 26th. The stock was sold at an average price of $13.05, for a total transaction of $1,305,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 265,013 shares of the business’s stock in a transaction on Monday, August 30th. The stock was sold at an average price of $13.84, for a total value of $3,667,779.92. Following the transaction, the director now owns 329,421 shares of the company’s stock, valued at approximately $4,559,186.64. The disclosure for this sale can be found here. Insiders own 9.73% of the company’s stock.

Several equities research analysts recently commented on AR shares. TD Securities upgraded Antero Resources from a “hold” rating to a “buy” rating and raised their target price for the company from $12.00 to $18.50 in a report on Tuesday, June 29th. Truist raised their target price on Antero Resources from $18.00 to $23.00 and gave the company a “hold” rating in a report on Thursday, October 7th. Truist Securities lifted their price objective on Antero Resources from $18.00 to $23.00 and gave the stock a “hold” rating in a report on Thursday, October 7th. Zacks Investment Research downgraded Antero Resources from a “hold” rating to a “strong sell” rating and set a $16.00 price objective on the stock. in a report on Wednesday, September 29th. Finally, Wells Fargo & Company lifted their price objective on Antero Resources from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday, August 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Antero Resources has an average rating of “Buy” and a consensus price target of $17.31.

About Antero Resources

Antero Resources Corp. is an independent oil and natural gas company. It engages in the exploration, development, and production of natural gas, NGLs, and oil. The firm focuses on marketing and utilization of excess firm transportation capacity, and equity method investment in Antero Midstream Corporation.

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Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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