Antero Resources Corp (AR) Stake Boosted by Aviva PLC
Aviva PLC lifted its holdings in Antero Resources Corp (NYSE:AR) by 5.5% during the second quarter, HoldingsChannel.com reports. The firm owned 117,726 shares of the oil and natural gas company’s stock after purchasing an additional 6,122 shares during the period. Aviva PLC’s holdings in Antero Resources were worth $2,513,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of AR. Benjamin F. Edwards & Company Inc. acquired a new stake in Antero Resources during the second quarter worth about $197,000. RDL Financial Inc. acquired a new stake in Antero Resources during the second quarter worth about $204,000. Eqis Capital Management Inc. acquired a new stake in Antero Resources during the second quarter worth about $257,000. Nisa Investment Advisors LLC acquired a new stake in Antero Resources during the second quarter worth about $305,000. Finally, TCW Group Inc. acquired a new stake in Antero Resources during the first quarter worth about $326,000. Institutional investors and hedge funds own 95.05% of the company’s stock.
A number of research firms recently weighed in on AR. Stifel Nicolaus began coverage on Antero Resources in a research report on Wednesday, May 23rd. They set a “buy” rating and a $24.50 target price on the stock. Morgan Stanley decreased their target price on Antero Resources from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Friday, April 27th. Citigroup downgraded Antero Resources from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $20.62 to $27.00 in a research report on Tuesday, April 17th. Zacks Investment Research downgraded Antero Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $22.00 price objective on shares of Antero Resources in a report on Friday, July 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $24.03.
Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, August 1st. The oil and natural gas company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.17). The company had revenue of $989.34 million for the quarter, compared to analyst estimates of $950.78 million. Antero Resources had a net margin of 6.24% and a return on equity of 1.83%. The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) earnings per share. sell-side analysts predict that Antero Resources Corp will post 0.92 EPS for the current year.
In other Antero Resources news, insider K. Phil Yoo sold 2,500 shares of Antero Resources stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $18.59, for a total transaction of $46,475.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.40% of the stock is currently owned by insiders.
Antero Resources Company Profile
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.
Featured Article: How Do I Invest in Dividend Stocks
Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Corp (NYSE:AR).
Receive News & Ratings for Antero Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources and related companies with MarketBeat.com's FREE daily email newsletter.