Renaissance Technologies LLC Raises Stock Holdings in Antero Resources Corp (NYSE:AR)

Renaissance Technologies LLC grew its stake in Antero Resources Corp (NYSE:AR) by 435.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,312,201 shares of the oil and natural gas company’s stock after acquiring an additional 5,132,465 shares during the quarter. Renaissance Technologies LLC’s holdings in Antero Resources were worth $34,906,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in shares of Antero Resources by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the oil and natural gas company’s stock valued at $35,000 after buying an additional 3,200 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in Antero Resources during the second quarter worth approximately $58,000. Wetherby Asset Management Inc. acquired a new stake in Antero Resources during the second quarter worth approximately $60,000. WINTON GROUP Ltd acquired a new stake in Antero Resources during the second quarter worth approximately $65,000. Finally, Commonwealth Bank of Australia lifted its position in Antero Resources by 1,440.0% during the first quarter. Commonwealth Bank of Australia now owns 7,700 shares of the oil and natural gas company’s stock worth $66,000 after acquiring an additional 7,200 shares during the last quarter. Institutional investors and hedge funds own 95.06% of the company’s stock.

Shares of NYSE:AR traded down $0.13 during midday trading on Friday, hitting $3.41. 168,541 shares of the company’s stock were exchanged, compared to its average volume of 9,871,602. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a 50 day moving average price of $3.73 and a 200-day moving average price of $6.37. The company has a market cap of $1.17 billion, a PE ratio of 4.47 and a beta of 0.79. Antero Resources Corp has a 12 month low of $2.78 and a 12 month high of $20.21.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.08). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.06 billion. Antero Resources had a positive return on equity of 2.99% and a negative net margin of 4.91%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 earnings per share. On average, analysts anticipate that Antero Resources Corp will post -0.33 EPS for the current fiscal year.

Several brokerages have issued reports on AR. Capital One Financial upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, June 18th. TD Securities decreased their price target on shares of Antero Resources from $9.00 to $7.50 and set a “buy” rating for the company in a research note on Friday, August 2nd. Macquarie raised shares of Antero Resources from an “underperform” rating to a “neutral” rating in a research note on Friday, August 2nd. They noted that the move was a valuation call. Canaccord Genuity reaffirmed an “average” rating and issued a $3.50 price target on shares of Antero Resources in a research note on Wednesday, June 26th. Finally, Goldman Sachs Group downgraded shares of Antero Resources from a “buy” rating to a “neutral” rating in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. Antero Resources has a consensus rating of “Hold” and a consensus target price of $11.48.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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

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