Legal & General Group Plc grew its holdings in Antero Resources Corp (NYSE:AR) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 933,904 shares of the oil and natural gas company’s stock after acquiring an additional 21,040 shares during the quarter. Legal & General Group Plc owned 0.30% of Antero Resources worth $18,585,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank boosted its position in shares of Antero Resources by 244.3% during the third quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock worth $186,000 after buying an additional 6,617 shares during the period. Balasa Dinverno & Foltz LLC acquired a new position in Antero Resources during the third quarter valued at approximately $211,000. SG Americas Securities LLC acquired a new position in Antero Resources during the second quarter valued at approximately $215,000. Linscomb & Williams Inc. acquired a new position in Antero Resources during the second quarter valued at approximately $220,000. Finally, PNC Financial Services Group Inc. boosted its position in Antero Resources by 22.3% during the second quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock valued at $223,000 after purchasing an additional 1,891 shares during the last quarter. Institutional investors own 96.99% of the company’s stock.
Shares of Antero Resources Corp (AR) traded up $0.78 on Tuesday, hitting $19.78. The stock had a trading volume of 2,398,600 shares, compared to its average volume of 2,345,650. Antero Resources Corp has a one year low of $17.59 and a one year high of $26.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $5,997.02, a price-to-earnings ratio of -17.20 and a beta of 0.94.
Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). Antero Resources had a negative net margin of 12.82% and a positive return on equity of 0.78%. The business had revenue of $775.30 million during the quarter, compared to the consensus estimate of $798.88 million. During the same quarter in the previous year, the business posted $0.18 EPS. equities analysts expect that Antero Resources Corp will post -0.14 earnings per share for the current fiscal year.
In related news, insider Kevin J. Kilstrom sold 82,760 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $19.99, for a total transaction of $1,654,372.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider K. Phil Yoo sold 10,865 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $19.25, for a total value of $209,151.25. The disclosure for this sale can be found here. Company insiders own 9.20% of the company’s stock.
Several research analysts recently commented on AR shares. Robert W. Baird reissued a “buy” rating and set a $38.00 price target on shares of Antero Resources in a research report on Sunday, September 10th. Cowen reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Antero Resources in a research report on Tuesday, September 12th. Howard Weil cut Antero Resources from an “outperform” rating to a “sector perform” rating and set a $26.00 price objective for the company. in a research report on Thursday, September 21st. BMO Capital Markets reaffirmed a “buy” rating on shares of Antero Resources in a research report on Friday, September 22nd. Finally, Boenning Scattergood cut Antero Resources from an “outperform” rating to a “sector perform” rating and set a $26.00 price objective for the company. in a research report on Saturday, September 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.37.
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Antero Resources 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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