Alliancebernstein L.P. Acquires 35,154 Shares of Antero Resources Corporation (AR)

Alliancebernstein L.P. grew its holdings in shares of Antero Resources Corporation (NYSE:AR) by 34.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 137,439 shares of the oil and natural gas company’s stock after purchasing an additional 35,154 shares during the quarter. Alliancebernstein L.P.’s holdings in Antero Resources Corporation were worth $2,970,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AR. BlackRock Inc. boosted its stake in Antero Resources Corporation by 2,440.4% during the 1st quarter. BlackRock Inc. now owns 8,550,873 shares of the oil and natural gas company’s stock worth $195,044,000 after purchasing an additional 8,214,276 shares during the last quarter. Sound Shore Management Inc. CT boosted its stake in Antero Resources Corporation by 22.0% during the 2nd quarter. Sound Shore Management Inc. CT now owns 9,406,400 shares of the oil and natural gas company’s stock worth $203,272,000 after purchasing an additional 1,697,858 shares during the last quarter. State Street Corp boosted its stake in Antero Resources Corporation by 21.4% during the 1st quarter. State Street Corp now owns 7,208,698 shares of the oil and natural gas company’s stock worth $164,429,000 after purchasing an additional 1,271,005 shares during the last quarter. Caymus Capital Partners L.P. boosted its stake in Antero Resources Corporation by 34.5% during the 2nd quarter. Caymus Capital Partners L.P. now owns 4,369,500 shares of the oil and natural gas company’s stock worth $94,425,000 after purchasing an additional 1,121,300 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in Antero Resources Corporation by 19.7% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 6,671,696 shares of the oil and natural gas company’s stock worth $144,176,000 after purchasing an additional 1,096,317 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on AR. KeyCorp reissued a “buy” rating and set a $33.00 price target on shares of Antero Resources Corporation in a research report on Sunday, September 3rd. Scotiabank set a $27.00 price target on shares of Antero Resources Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. Cowen and Company reissued a “hold” rating and set a $25.00 price target on shares of Antero Resources Corporation in a research report on Tuesday, September 12th. Robert W. Baird reissued a “buy” rating and set a $38.00 price target on shares of Antero Resources Corporation in a research report on Sunday, September 10th. Finally, Citigroup Inc. lowered their price target on shares of Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $28.78.

In other Antero Resources Corporation news, insider K. Phil Yoo sold 3,785 shares of the business’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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.20% of the company’s stock.

Shares of Antero Resources Corporation (AR) opened at 20.34 on Wednesday. The stock’s 50 day moving average price is $20.00 and its 200 day moving average price is $20.86. Antero Resources Corporation has a 1-year low of $18.23 and a 1-year high of $28.10. The stock has a market cap of $6.42 billion, a PE ratio of 473.02 and a beta of 0.96.

Antero Resources Corporation (NYSE:AR) last released its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The company had revenue of $736.00 million for the quarter, compared to analyst estimates of $778.55 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Antero Resources Corporation will post $0.31 EPS for the current fiscal year.

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Antero Resources Corporation 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.

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

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