Teacher Retirement System of Texas Takes $1.24 Million Position in Antero Resources Corporation (AR)

Teacher Retirement System of Texas acquired a new stake in shares of Antero Resources Corporation (NYSE:AR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 62,481 shares of the oil and natural gas company’s stock, valued at approximately $1,243,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in AR. Toronto Dominion Bank increased its position in shares of Antero Resources by 244.3% in the third quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock worth $186,000 after acquiring an additional 6,617 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Antero Resources in the second quarter worth $215,000. Linscomb & Williams Inc. acquired a new stake in shares of Antero Resources in the second quarter worth $220,000. PNC Financial Services Group Inc. increased its position in shares of Antero Resources by 22.3% in the second quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock worth $223,000 after acquiring an additional 1,891 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC acquired a new stake in Antero Resources during the 3rd quarter valued at $211,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the stock. Barclays lowered shares of Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 price target for the company. in a report on Monday, November 20th. Jefferies Group set a $20.00 price objective on shares of Antero Resources and gave the company a “hold” rating in a research note on Friday, November 17th. SunTrust Banks reiterated a “hold” rating and set a $22.00 price objective on shares of Antero Resources in a research note on Friday, November 3rd. BMO Capital Markets set a $24.00 price objective on shares of Antero Resources and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Antero Resources in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Antero Resources presently has an average rating of “Hold” and an average target price of $27.44.

Antero Resources Corporation (AR) traded up $0.02 during midday trading on Thursday, reaching $18.20. 2,159,010 shares of the company’s stock were exchanged, compared to its average volume of 3,355,146. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $5,861.29, a PE ratio of 97.74 and a beta of 0.94. Antero Resources Corporation has a 1 year low of $17.89 and a 1 year high of $27.23.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). Antero Resources had a negative net margin of 12.82% and a positive return on equity of 0.78%. The business had revenue of $775.30 million during the quarter, compared to analyst estimates of $798.88 million. During the same quarter last year, the firm earned $0.18 earnings per share. analysts expect that Antero Resources Corporation will post -0.09 EPS for the current fiscal year.

In related news, insider Kevin J. Kilstrom sold 82,760 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.99, for a total transaction of $1,654,372.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider K. Phil Yoo sold 10,865 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $19.25, for a total transaction of $209,151.25. The disclosure for this sale can be found here. Company insiders own 9.20% of the company’s stock.

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About Antero Resources

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

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

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