Rhumbline Advisers raised its stake in Antero Resources Co. (NYSE:AR) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 401,398 shares of the oil and natural gas company’s stock after acquiring an additional 12,480 shares during the period. Rhumbline Advisers’ holdings in Antero Resources were worth $6,033,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Antero Resources in the 1st quarter worth about $30,000. Captrust Financial Advisors acquired a new position in shares of Antero Resources in the 1st quarter valued at about $47,000. Rockefeller Capital Management L.P. acquired a new position in shares of Antero Resources in the 1st quarter valued at about $55,000. Royce & Associates LP acquired a new position in shares of Antero Resources in the 1st quarter valued at about $137,000. Finally, Carolina Wealth Advisors LLC boosted its holdings in shares of Antero Resources by 27.9% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 15,070 shares of the oil and natural gas company’s stock valued at $227,000 after buying an additional 3,287 shares during the period. 73.20% of the stock is owned by institutional investors.
In related news, Director W Howard Keenan, Jr. sold 265,013 shares of the business’s stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $13.84, for a total value of $3,667,779.92. Following the sale, the director now directly owns 329,421 shares in the company, valued at approximately $4,559,186.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 26th. The stock was sold at an average price of $13.05, for a total transaction of $1,305,000.00. The disclosure for this sale can be found here. Corporate insiders own 9.73% of the company’s stock.
Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, July 28th. The oil and natural gas company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.08). The company had revenue of $489.37 million during the quarter, compared to analyst estimates of $1.20 billion. Antero Resources had a positive return on equity of 3.58% and a negative net margin of 29.70%. Equities research analysts forecast that Antero Resources Co. will post 1.51 EPS for the current year.
Several research firms have recently commented on AR. Mizuho decreased their price target on shares of Antero Resources from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 13th. Morgan Stanley lifted their price target on shares of Antero Resources from $12.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, June 18th. Zacks Investment Research lowered shares of Antero Resources from a “buy” rating to a “hold” rating and set a $14.00 target price for the company. in a research note on Tuesday, August 10th. Royal Bank of Canada initiated coverage on shares of Antero Resources in a research note on Wednesday, June 2nd. They set an “outperform” rating and a $4.25 target price for the company. Finally, Wells Fargo & Company boosted their target price on shares of Antero Resources from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, August 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $12.60.
Antero Resources Company Profile
Antero Resources Corp. is an independent oil and natural gas company. It engages in the exploration, development, and production of natural gas, NGLs, and oil. The firm focuses on marketing and utilization of excess firm transportation capacity, and equity method investment in Antero Midstream Corporation.
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