Koch Industries Inc. purchased a new stake in Antero Resources (NYSE:AR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,265 shares of the oil and natural gas company’s stock, valued at approximately $271,000.
Other hedge funds also recently bought and sold shares of the company. Twin Tree Management LP bought a new position in shares of Antero Resources in the 4th quarter valued at about $143,000. Toronto Dominion Bank lifted its position in Antero Resources by 244.3% during 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 during the last quarter. James Hambro & Partners acquired a new stake in Antero Resources during the fourth quarter worth approximately $190,000. SG Americas Securities LLC acquired a new stake in Antero Resources during the fourth quarter worth approximately $191,000. Finally, American International Group Inc. raised its position in shares of Antero Resources by 76.4% in the fourth quarter. American International Group Inc. now owns 11,873 shares of the oil and natural gas company’s stock valued at $226,000 after buying an additional 5,141 shares in the last quarter. 94.31% of the stock is currently owned by institutional investors.
Shares of AR traded down $0.16 during trading hours on Friday, reaching $20.11. 4,593,462 shares of the company traded hands, compared to its average volume of 3,655,490. Antero Resources has a 12 month low of $16.31 and a 12 month high of $23.56. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $6,216.53, a price-to-earnings ratio of 167.58, a PEG ratio of 1.10 and a beta of 0.81.
Antero Resources (NYSE:AR) last posted its quarterly earnings data on Tuesday, February 13th. The oil and natural gas company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.08 by $0.11. The business had revenue of $919.84 million for the quarter, compared to analyst estimates of $857.64 million. Antero Resources had a net margin of 16.83% and a return on equity of 0.83%. research analysts forecast that Antero Resources will post 0.89 EPS for the current fiscal year.
A number of analysts have weighed in on AR shares. ValuEngine cut shares of Antero Resources from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research raised shares of Antero Resources from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday, March 21st. BMO Capital Markets reaffirmed a “buy” rating and set a $23.00 price target on shares of Antero Resources in a research report on Tuesday, February 27th. Jefferies Group set a $23.00 price objective on shares of Antero Resources and gave the company a “hold” rating in a report on Tuesday, January 30th. Finally, Raymond James Financial lowered shares of Antero Resources from a “strong-buy” rating to an “outperform” rating and set a $24.00 price objective on the stock. in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Antero Resources presently has a consensus rating of “Hold” and an average price target of $24.13.
In other Antero Resources news, insider K. Phil Yoo sold 2,500 shares of Antero Resources stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $20.00, for a total value of $50,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.20% of the stock is currently owned by insiders.
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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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