Antero Resources Corp (AR) Stake Raised by BlackRock Inc.

BlackRock Inc. grew its stake in shares of Antero Resources Corp (NYSE:AR) by 10.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,679,453 shares of the oil and natural gas company’s stock after buying an additional 1,256,488 shares during the period. BlackRock Inc. owned 4.31% of Antero Resources worth $292,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its position in Antero Resources by 6.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 44,517 shares of the oil and natural gas company’s stock worth $883,000 after purchasing an additional 2,795 shares during the last quarter. TCW Group Inc. increased its position in Antero Resources by 20.5% in the second quarter. TCW Group Inc. now owns 19,822 shares of the oil and natural gas company’s stock worth $423,000 after purchasing an additional 3,379 shares during the last quarter. Linscomb & Williams Inc. increased its position in Antero Resources by 31.3% in the second quarter. Linscomb & Williams Inc. now owns 19,873 shares of the oil and natural gas company’s stock worth $424,000 after purchasing an additional 4,739 shares during the last quarter. Amalgamated Bank increased its position in Antero Resources by 10.8% in the second quarter. Amalgamated Bank now owns 49,578 shares of the oil and natural gas company’s stock worth $1,058,000 after purchasing an additional 4,850 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in Antero Resources by 35.6% in the second quarter. Toronto Dominion Bank now owns 20,505 shares of the oil and natural gas company’s stock worth $438,000 after purchasing an additional 5,381 shares during the last quarter. Hedge funds and other institutional investors own 94.88% of the company’s stock.

AR has been the topic of several research reports. ValuEngine upgraded shares of Antero Resources from a “strong sell” rating to a “sell” rating in a research report on Friday, June 1st. Citigroup reduced their price target on shares of Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, August 13th. TD Securities reduced their price target on shares of Antero Resources from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. Morgan Stanley boosted their price target on shares of Antero Resources from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 12th. Finally, Zacks Investment Research upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $23.91.

In other Antero Resources news, insider K. Phil Yoo sold 2,500 shares of Antero Resources stock in a transaction on Friday, August 10th. The shares were sold at an average price of $18.59, for a total transaction of $46,475.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.40% of the stock is owned by insiders.

NYSE AR opened at $18.61 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 155.08, a PEG ratio of 1.09 and a beta of 0.73. Antero Resources Corp has a 52 week low of $16.31 and a 52 week high of $22.69.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, August 1st. The oil and natural gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.17). The firm had revenue of $989.34 million for the quarter, compared to analysts’ expectations of $950.78 million. Antero Resources had a return on equity of 1.83% and a net margin of 6.24%. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.04) earnings per share. analysts predict that Antero Resources Corp will post 0.84 EPS for the current fiscal 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.

Further Reading: Understanding Average Daily Trade Volume

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

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