Miller Howard Investments Inc. NY Boosts Stock Position in Antero Resources Corporation $AR

Miller Howard Investments Inc. NY boosted its holdings in shares of Antero Resources Corporation (NYSE:AR) by 25.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,389 shares of the oil and natural gas company’s stock after purchasing an additional 31,256 shares during the period. Miller Howard Investments Inc. NY owned about 0.05% of Antero Resources worth $5,248,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AR. Vanguard Group Inc. raised its holdings in shares of Antero Resources by 1.2% during the second quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company’s stock valued at $1,200,249,000 after acquiring an additional 350,018 shares in the last quarter. Sourcerock Group LLC lifted its position in shares of Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after purchasing an additional 783,117 shares during the period. Invesco Ltd. boosted its stake in shares of Antero Resources by 18.4% during the 2nd quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock valued at $211,805,000 after purchasing an additional 817,977 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Antero Resources by 2.7% during the second quarter. Assenagon Asset Management S.A. now owns 3,843,592 shares of the oil and natural gas company’s stock valued at $154,820,000 after buying an additional 99,635 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings 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 during the period. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Price Performance

AR opened at $31.42 on Friday. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $44.01. The stock has a 50-day moving average price of $34.42 and a 200-day moving average price of $33.79. The firm has a market cap of $9.69 billion, a PE ratio of 16.71 and a beta of 0.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.38). The firm 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 company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) EPS. Sell-side analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

AR has been the topic of a number of research analyst reports. UBS Group upped their target price on Antero Resources from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Citigroup raised Antero Resources from a “neutral” rating to a “buy” rating and upped their price target for the stock from $37.00 to $39.00 in a research note on Tuesday, September 23rd. Barclays raised their price objective on Antero Resources from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, December 11th. Bank of America upped their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, BMO Capital Markets lifted their price target on shares of Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and an average target price of $45.47.

Insider Activity at Antero Resources

In other Antero Resources news, insider Brendan E. Krueger purchased 5,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $33.35 per share, for a total transaction of $166,750.00. Following the completion of the purchase, the insider directly owned 295,917 shares of the company’s stock, valued at $9,868,831.95. This trade represents a 1.72% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 6.30% of the company’s stock.

About Antero Resources

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.