Morningstar Investment Services LLC increased its position in Antero Resources Corp (NYSE:AR) by 5.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 364,588 shares of the oil and natural gas company’s stock after acquiring an additional 19,957 shares during the period. Morningstar Investment Services LLC owned about 0.12% of Antero Resources worth $2,016,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in Antero Resources by 435.1% during the 2nd quarter. Renaissance Technologies LLC now owns 6,312,201 shares of the oil and natural gas company’s stock valued at $34,906,000 after buying an additional 5,132,465 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University raised its stake in Antero Resources by 198.0% during the 1st quarter. Board of Trustees of The Leland Stanford Junior University now owns 6,693,966 shares of the oil and natural gas company’s stock valued at $59,108,000 after purchasing an additional 4,447,772 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in Antero Resources by 21.5% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 11,220,124 shares of the oil and natural gas company’s stock worth $99,074,000 after purchasing an additional 1,987,140 shares in the last quarter. DDD Partners LLC purchased a new stake in Antero Resources during the 2nd quarter valued at approximately $7,224,000. Finally, Acadian Asset Management LLC purchased a new stake in Antero Resources during the 1st quarter valued at approximately $9,374,000. Institutional investors own 95.06% of the company’s stock.
A number of analysts have issued reports on AR shares. TD Securities reduced their price target on shares of Antero Resources from $9.00 to $7.50 and set a “buy” rating on the stock in a report on Friday, August 2nd. Guggenheim set a $10.00 price target on Antero Resources and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Morgan Stanley increased their price target on Antero Resources from $6.00 to $6.25 and gave the company an “equal weight” rating in a report on Friday, July 12th. Canaccord Genuity reaffirmed an “average” rating and set a $3.50 price objective on shares of Antero Resources in a research note on Wednesday, June 26th. Finally, Macquarie upgraded shares of Antero Resources from an “underperform” rating to a “neutral” rating in a research report on Friday, August 2nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $11.48.
Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.08). Antero Resources had a positive return on equity of 2.99% and a negative net margin of 4.91%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm earned $0.02 EPS. The company’s revenue was up .1% compared to the same quarter last year. Equities research analysts forecast that Antero Resources Corp will post -0.31 earnings per share for the current fiscal year.
Antero Resources Company Profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
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