Oppenheimer Asset Management Inc. increased its position in shares of Antero Resources (NYSE:AR) by 163.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 431,516 shares of the oil and natural gas company’s stock after acquiring an additional 267,639 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.14% of Antero Resources worth $8,566,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in AR. BlueCrest Capital Management Ltd bought a new position in Antero Resources in the fourth quarter valued at approximately $3,536,000. EnTrustPermal Partners Offshore LP bought a new position in Antero Resources in the fourth quarter valued at approximately $1,739,000. Honeywell International Inc. bought a new position in Antero Resources in the fourth quarter valued at approximately $447,000. Liberty Mutual Group Asset Management Inc. bought a new position in Antero Resources in the fourth quarter valued at approximately $870,000. Finally, TIAA CREF Investment Management LLC lifted its stake in Antero Resources by 2.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 761,357 shares of the oil and natural gas company’s stock valued at $14,466,000 after buying an additional 19,734 shares in the last quarter. 95.49% of the stock is currently owned by institutional investors and hedge funds.
AR has been the topic of a number of research reports. Zacks Investment Research raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Wednesday, February 14th. Raymond James lowered shares of Antero Resources from a “strong-buy” rating to an “outperform” rating and set a $24.00 price target on the stock. in a research note on Monday, January 29th. ValuEngine lowered shares of Antero Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, April 6th. Morgan Stanley lifted their price target on shares of Antero Resources from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, April 20th. Finally, Citigroup lowered shares of Antero Resources from a “buy” rating to a “neutral” rating and lifted their price target for the company from $20.62 to $27.00 in a research note on Tuesday, April 17th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $23.94.
In related news, insider K. Phil Yoo sold 2,500 shares of the business’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $18.93, for a total transaction of $47,325.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 9.40% of the stock is currently owned by insiders.
Antero Resources opened at $19.31 on Tuesday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.01 and a current ratio of 1.01. Antero Resources has a 12-month low of $16.31 and a 12-month high of $22.68. The company has a market capitalization of $6.06 billion, a PE ratio of 160.92, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82.
Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, April 25th. The oil and natural gas company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $916.54 million. Antero Resources had a net margin of 10.36% and a return on equity of 1.61%. The firm’s revenue was up 40.1% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. analysts predict that Antero Resources will post 0.99 EPS for the current fiscal year.
Antero Resources Company Profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.
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