Swiss National Bank trimmed its holdings in shares of Antero Resources (NYSE:AR) by 12.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 710,300 shares of the oil and natural gas company’s stock after selling 104,400 shares during the quarter. Swiss National Bank’s holdings in Antero Resources were worth $14,099,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Twin Tree Management LP acquired a new stake in Antero Resources in the fourth quarter valued at approximately $143,000. James Hambro & Partners acquired a new stake in Antero Resources in the fourth quarter valued at approximately $190,000. SG Americas Securities LLC acquired a new stake in Antero Resources in the fourth quarter valued at approximately $191,000. American International Group Inc. boosted its stake in 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 acquiring an additional 5,141 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Antero Resources by 39.6% in the fourth quarter. Toronto Dominion Bank now owns 13,015 shares of the oil and natural gas company’s stock valued at $247,000 after acquiring an additional 3,689 shares in the last quarter. 95.49% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on AR shares. Zacks Investment Research downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. Morgan Stanley raised their target price 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. Jefferies Group set a $23.00 target price on shares of Antero Resources and gave the company a “hold” rating in a research note on Tuesday, January 30th. BMO Capital Markets restated a “buy” rating on shares of Antero Resources in a research note on Wednesday, January 24th. Finally, Raymond James downgraded shares of Antero Resources from a “strong-buy” rating to an “outperform” rating and set a $24.00 target price for the company. in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. Antero Resources presently has an average rating of “Hold” and a consensus target price 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.40% of the company’s stock.
NYSE:AR opened at $19.31 on Tuesday. Antero Resources has a 12 month low of $16.31 and a 12 month high of $22.68. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $6.06 billion, a PE ratio of 160.92, a P/E/G 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Antero Resources had a net margin of 10.36% and a return on equity of 1.61%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $916.54 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The business’s revenue for the quarter was up 40.1% compared to the same quarter last year. equities analysts predict that Antero Resources will post 0.99 EPS for the current year.
About Antero Resources
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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