Wetherby Asset Management Inc. Grows Stock Position in Antero Resources Corp (NYSE:AR)

Wetherby Asset Management Inc. boosted its stake in shares of Antero Resources Corp (NYSE:AR) by 51.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,539 shares of the oil and natural gas company’s stock after buying an additional 5,640 shares during the period. Wetherby Asset Management Inc.’s holdings in Antero Resources were worth $50,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AR. Chilton Capital Management LLC grew its position in shares of Antero Resources by 18.1% during the 2nd quarter. Chilton Capital Management LLC now owns 18,900 shares of the oil and natural gas company’s stock worth $105,000 after buying an additional 2,900 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Antero Resources by 100.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the oil and natural gas company’s stock worth $35,000 after buying an additional 3,200 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Antero Resources by 7.6% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 46,314 shares of the oil and natural gas company’s stock worth $256,000 after buying an additional 3,278 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of Antero Resources by 7.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 48,860 shares of the oil and natural gas company’s stock worth $270,000 after buying an additional 3,486 shares in the last quarter. Finally, World Asset Management Inc grew its position in shares of Antero Resources by 48.7% during the 3rd quarter. World Asset Management Inc now owns 17,235 shares of the oil and natural gas company’s stock worth $52,000 after buying an additional 5,647 shares in the last quarter. Institutional investors own 94.33% of the company’s stock.

AR stock remained flat at $$2.86 during trading on Friday. The company had a trading volume of 6,280,123 shares, compared to its average volume of 8,745,277. Antero Resources Corp has a 12 month low of $2.38 and a 12 month high of $16.45. The company’s 50 day moving average price is $2.85 and its 200 day moving average price is $4.76. The company has a market capitalization of $833.70 million, a P/E ratio of 3.71 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.88.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Tuesday, October 29th. The oil and natural gas company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.19). Antero Resources had a negative net margin of 20.96% and a positive return on equity of 0.32%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $988.92 million. During the same period in the previous year, the business earned $0.07 EPS. Antero Resources’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts expect that Antero Resources Corp will post -0.35 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on the company. National Bank Financial increased their price target on Antero Resources from $4.00 to $4.25 and gave the stock an “outperform” rating in a research report on Monday, October 21st. TD Securities dropped their price target on Antero Resources from $9.00 to $7.50 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Goldman Sachs Group downgraded Antero Resources from a “buy” rating to a “neutral” rating in a research report on Friday, September 6th. Cfra downgraded Antero Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Mitsubishi UFJ Financial Group reissued a “neutral” rating and set a $3.00 price target (down previously from $6.00) on shares of Antero Resources in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. Antero Resources has an average rating of “Hold” and a consensus price target of $9.28.

About Antero Resources

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

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