Oppenheimer & Co. Inc. lifted its stake in shares of Antero Resources Corp (NYSE:AR) by 36.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,917 shares of the oil and natural gas company’s stock after purchasing an additional 13,050 shares during the period. Oppenheimer & Co. Inc.’s holdings in Antero Resources were worth $271,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AR. Nisa Investment Advisors LLC raised its stake in shares of Antero Resources by 100.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the oil and natural gas company’s stock valued at $35,000 after acquiring an additional 3,200 shares during the period. First Republic Investment Management Inc. acquired a new position in Antero Resources during the 2nd quarter worth $58,000. Wetherby Asset Management Inc. acquired a new position in Antero Resources during the 2nd quarter worth $60,000. WINTON GROUP Ltd acquired a new position in Antero Resources during the 2nd quarter worth $65,000. Finally, Commonwealth Bank of Australia grew its holdings in Antero Resources by 1,440.0% during the 1st quarter. Commonwealth Bank of Australia now owns 7,700 shares of the oil and natural gas company’s stock worth $66,000 after acquiring an additional 7,200 shares in the last quarter. Institutional investors and hedge funds own 95.06% of the company’s stock.

Antero Resources stock traded down $0.10 during midday trading on Friday, reaching $3.44. 3,046,707 shares of the stock traded hands, compared to its average volume of 9,871,602. Antero Resources Corp has a fifty-two week low of $2.78 and a fifty-two week high of $20.21. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 4.47 and a beta of 0.79. The firm has a fifty day moving average price of $3.73 and a two-hundred day moving average price of $6.37. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.78.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). Antero Resources had a positive return on equity of 2.99% and a negative net margin of 4.91%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Analysts anticipate that Antero Resources Corp will post -0.33 earnings per share for the current year.

Several research analysts have weighed in on AR shares. Canaccord Genuity reissued an “average” rating and set a $3.50 price objective on shares of Antero Resources in a report on Wednesday, June 26th. Macquarie raised shares of Antero Resources from an “underperform” rating to a “neutral” rating in a report on Friday, August 2nd. They noted that the move was a valuation call. Capital One Financial raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating in a report on Tuesday, June 18th. Morgan Stanley lifted their price target on shares of Antero Resources from $6.00 to $6.25 and gave the company an “equal weight” rating in a report on Friday, July 12th. Finally, Goldman Sachs Group lowered shares of Antero Resources from a “buy” rating to a “neutral” rating in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $11.48.

Antero Resources Profile

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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

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