Zurcher Kantonalbank Zurich Cantonalbank Buys 3,828 Shares of Antero Resources Co. (NYSE:AR)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Antero Resources Co. (NYSE:AR) by 6.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 60,704 shares of the oil and natural gas company’s stock after purchasing an additional 3,828 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Antero Resources were worth $1,377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AR. CWM LLC increased its stake in shares of Antero Resources by 33.9% during the third quarter. CWM LLC now owns 2,990 shares of the oil and natural gas company’s stock valued at $76,000 after buying an additional 757 shares during the period. Oak Thistle LLC purchased a new position in shares of Antero Resources during the third quarter valued at approximately $1,062,000. Commonwealth Equity Services LLC increased its stake in shares of Antero Resources by 49.5% during the third quarter. Commonwealth Equity Services LLC now owns 81,591 shares of the oil and natural gas company’s stock valued at $2,071,000 after buying an additional 27,005 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Antero Resources by 166.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 46,651 shares of the oil and natural gas company’s stock valued at $1,184,000 after buying an additional 29,172 shares during the period. Finally, Independent Advisor Alliance purchased a new position in shares of Antero Resources during the third quarter valued at approximately $246,000. Institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AR. JPMorgan Chase & Co. boosted their target price on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Raymond James upped their price target on Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 24th. Tudor, Pickering, Holt & Co. raised Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, January 17th. Mizuho upped their price target on Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Finally, Benchmark cut Antero Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.69.

Antero Resources Trading Up 6.2 %

NYSE AR opened at $33.38 on Friday. Antero Resources Co. has a 12 month low of $19.91 and a 12 month high of $33.61. The stock has a market cap of $10.13 billion, a P/E ratio of 43.35 and a beta of 3.30. The stock’s fifty day moving average price is $27.45 and its 200-day moving average price is $25.38. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last released its earnings results on Thursday, April 25th. The oil and natural gas company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company posted $0.48 earnings per share. The company’s revenue was down 20.3% on a year-over-year basis. As a group, equities analysts forecast that Antero Resources Co. will post 0.34 EPS for the current fiscal year.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the sale, the director now directly owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the transaction, the director now directly owns 3,793,022 shares of the company’s stock, valued at $99,187,525.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the transaction, the director now directly owns 3,000,000 shares in the company, valued at $77,550,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 467,280 shares of company stock valued at $12,153,605. Insiders own 5.95% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.