Cetera Investment Advisers Acquires 7,030 Shares of Antero Resources Corporation (NYSE:AR)

Cetera Investment Advisers increased its holdings in shares of Antero Resources Corporation (NYSE:AR) by 50.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,090 shares of the oil and natural gas company’s stock after purchasing an additional 7,030 shares during the period. Cetera Investment Advisers’ holdings in Antero Resources were worth $853,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC boosted its stake in Antero Resources by 109.6% in the first quarter. CWM LLC now owns 32,725 shares of the oil and natural gas company’s stock valued at $1,323,000 after acquiring an additional 17,113 shares in the last quarter. Slate Path Capital LP acquired a new stake in Antero Resources in the fourth quarter valued at approximately $35,471,000. Bessemer Group Inc. boosted its stake in Antero Resources by 64.7% in the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock valued at $42,000 after acquiring an additional 411 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Antero Resources in the first quarter valued at approximately $538,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in Antero Resources in the first quarter valued at approximately $284,000. 83.04% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Yvette K. Schultz sold 25,200 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $39.86, for a total value of $1,004,472.00. Following the sale, the insider directly owned 306,819 shares of the company’s stock, valued at approximately $12,229,805.34. The trade was a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AR. Raymond James Financial lifted their price objective on shares of Antero Resources from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 22nd. Barclays lifted their price objective on shares of Antero Resources from $38.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Monday, July 7th. Mizuho upgraded shares of Antero Resources from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. UBS Group lifted their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Finally, Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.65.

Antero Resources Stock Performance

AR opened at $32.31 on Thursday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $9.98 billion, a PE ratio of 20.58 and a beta of 0.64. The firm’s 50-day moving average price is $36.89 and its 200 day moving average price is $37.25. Antero Resources Corporation has a twelve month low of $24.53 and a twelve month high of $44.01.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.33). The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. As a group, sell-side analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Antero Resources 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.