Commonwealth Financial Services LLC Has $935,000 Position in Antero Resources Corp (AR)

Commonwealth Financial Services LLC boosted its stake in shares of Antero Resources Corp (NYSE:AR) by 12.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,091 shares of the oil and natural gas company’s stock after buying an additional 4,400 shares during the period. Antero Resources Corp makes up 1.0% of Commonwealth Financial Services LLC’s holdings, making the stock its 9th largest position. Commonwealth Financial Services LLC’s holdings in Antero Resources Corp were worth $935,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AR. Hartford Investment Management Co. bought a new stake in Antero Resources Corp during the first quarter worth approximately $5,299,000. Quantitative Systematic Strategies LLC raised its stake in Antero Resources Corp by 161.1% in the first quarter. Quantitative Systematic Strategies LLC now owns 76,094 shares of the oil and natural gas company’s stock worth $1,736,000 after buying an additional 46,948 shares during the last quarter. Capital Impact Advisors LLC bought a new stake in Antero Resources Corp during the first quarter worth approximately $929,000. DnB Asset Management AS raised its stake in Antero Resources Corp by 13.9% in the first quarter. DnB Asset Management AS now owns 12,253 shares of the oil and natural gas company’s stock worth $279,000 after buying an additional 1,500 shares during the last quarter. Finally, Benson Investment Management Company Inc. bought a new stake in Antero Resources Corp during the first quarter worth approximately $1,470,000. 86.83% of the stock is currently owned by institutional investors.

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

Antero Resources Corp (NYSE:AR) traded down 0.09% during trading on Thursday, hitting $21.37. The stock had a trading volume of 2,819,928 shares. The firm’s 50 day moving average is $23.22 and its 200 day moving average is $24.86. The firm’s market cap is $6.73 billion. Antero Resources Corp has a 1-year low of $21.35 and a 1-year high of $30.66.

Antero Resources Corp (NYSE:AR) last announced its quarterly earnings results on Tuesday, February 28th. The oil and natural gas company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The company earned $887.90 million during the quarter, compared to analyst estimates of $772.83 million. During the same period in the prior year, the firm earned $0.20 EPS. Antero Resources Corp’s quarterly revenue was up 41.0% on a year-over-year basis. On average, analysts anticipate that Antero Resources Corp will post $0.46 earnings per share for the current year.

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A number of analysts recently commented on the company. Scotiabank set a $34.00 price objective on Antero Resources Corp and gave the company a “buy” rating in a research note on Tuesday, February 28th. KLR Group reaffirmed a “buy” rating and set a $35.00 price objective on shares of Antero Resources Corp in a research note on Wednesday, March 1st. Evercore ISI lowered Antero Resources Corp to an “outperform” rating in a research note on Wednesday. Piper Jaffray Companies raised Antero Resources Corp from a “neutral” rating to an “overweight” rating and set a $32.00 price objective on the stock in a research note on Friday, January 13th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Antero Resources Corp in a research note on Friday, March 31st. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.55.

Antero Resources Corp Company Profile

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

5 Day Chart for NYSE:AR

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