Antero Resources Corporation (AR) Position Raised by Poplar Forest Capital LLC
Poplar Forest Capital LLC boosted its position in shares of Antero Resources Corporation (NYSE:AR) by 11.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,125,789 shares of the oil and natural gas company’s stock after buying an additional 118,688 shares during the quarter. Antero Resources Corporation makes up about 2.1% of Poplar Forest Capital LLC’s holdings, making the stock its 24th biggest holding. Poplar Forest Capital LLC owned about 0.36% of Antero Resources Corporation worth $24,328,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of AR. Daiwa Securities Group Inc. raised its holdings in Antero Resources Corporation by 29.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the oil and natural gas company’s stock valued at $100,000 after buying an additional 1,000 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Antero Resources Corporation by 268.2% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the oil and natural gas company’s stock valued at $185,000 after buying an additional 5,900 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Antero Resources Corporation during the 1st quarter valued at $204,000. Sei Investments Co. raised its holdings in Antero Resources Corporation by 174.6% during the 1st quarter. Sei Investments Co. now owns 9,209 shares of the oil and natural gas company’s stock valued at $210,000 after buying an additional 5,855 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in Antero Resources Corporation during the 1st quarter valued at $212,000. Institutional investors own 93.61% of the company’s stock.
Antero Resources Corporation (NYSE:AR) traded up 0.15% during mid-day trading on Friday, hitting $20.48. 5,310,710 shares of the stock were exchanged. The stock has a 50 day moving average of $19.50 and a 200-day moving average of $21.32. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 476.28 and a beta of 0.95. Antero Resources Corporation has a 52-week low of $18.23 and a 52-week high of $28.30.
Antero Resources Corporation (NYSE:AR) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $736.00 million for the quarter, compared to analysts’ expectations of $778.55 million. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 EPS. Equities analysts predict that Antero Resources Corporation will post $0.30 EPS for the current fiscal year.
A number of research firms recently commented on AR. Zacks Investment Research upgraded shares of Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, July 21st. Scotiabank set a $27.00 price objective on shares of Antero Resources Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. BidaskClub raised shares of Antero Resources Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. BMO Capital Markets reissued a “buy” rating and set a $26.00 price objective on shares of Antero Resources Corporation in a research report on Thursday, June 22nd. Finally, Cowen and Company set a $25.00 price objective on shares of Antero Resources Corporation and gave the company a “hold” rating in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $29.82.
In other news, insider K. Phil Yoo sold 3,785 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total transaction of $77,781.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 10.80% of the company’s stock.
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About Antero Resources Corporation
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.
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