Miller Howard Investments Inc. NY Buys 31,256 Shares of Antero Resources Corporation $AR

Miller Howard Investments Inc. NY boosted its stake in shares of Antero Resources Corporation (NYSE:AR) by 25.0% during the third quarter, Holdings Channel reports. The firm owned 156,389 shares of the oil and natural gas company’s stock after purchasing an additional 31,256 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Antero Resources were worth $5,248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AR. Huntington National Bank lifted its holdings in shares of Antero Resources by 91.3% during the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after buying an additional 313 shares during the period. Newbridge Financial Services Group Inc. boosted its position in Antero Resources by 114.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock worth $38,000 after purchasing an additional 500 shares during the last quarter. FNY Investment Advisers LLC grew its stake in shares of Antero Resources by 9,900.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after purchasing an additional 1,485 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Antero Resources by 701.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after purchasing an additional 2,616 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Antero Resources by 447.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,427 shares of the oil and natural gas company’s stock worth $141,000 after purchasing an additional 2,801 shares during the period. Institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $31.42 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.01. The stock’s 50-day simple moving average is $34.42 and its 200-day simple moving average is $33.79. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 16.71 and a beta of 0.50.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the firm posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AR has been the topic of several recent research reports. Citigroup upgraded shares of Antero Resources from a “neutral” rating to a “buy” rating and increased their price target for the stock from $37.00 to $39.00 in a research report on Tuesday, September 23rd. Roth Capital reaffirmed a “neutral” rating and issued a $36.00 target price on shares of Antero Resources in a report on Monday, December 8th. Barclays lifted their target price on Antero Resources from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, December 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $39.00 price objective (down previously from $44.00) on shares of Antero Resources in a research note on Monday, December 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Antero Resources in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $45.47.

Insiders Place Their Bets

In related news, insider Brendan E. Krueger purchased 5,000 shares of Antero Resources stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $33.35 per share, for a total transaction of $166,750.00. Following the acquisition, the insider owned 295,917 shares in the company, valued at approximately $9,868,831.95. The trade was a 1.72% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Antero Resources Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.