PNC Financial Services Group Inc. Grows Stock Holdings in Antero Resources Corporation (NYSE:AR)

PNC Financial Services Group Inc. grew its holdings in shares of Antero Resources Corporation (NYSE:AR) by 14.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,670 shares of the oil and natural gas company’s stock after purchasing an additional 1,461 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Antero Resources were worth $472,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Mascagni Wealth Management Inc. purchased a new stake in Antero Resources in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new position in Antero Resources during the fourth quarter worth approximately $35,000. Bessemer Group Inc. boosted its holdings in shares of Antero Resources by 64.7% in the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock valued at $42,000 after purchasing an additional 411 shares during the last quarter. North Star Investment Management Corp. acquired a new position in shares of Antero Resources in the 1st quarter valued at $44,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Antero Resources during the 1st quarter valued at $56,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AR. Scotiabank reaffirmed an “outperform” rating on shares of Antero Resources in a research report on Wednesday. Raymond James Financial upped their price target on Antero Resources from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 22nd. Bank of America lifted their price objective on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Mizuho upgraded Antero Resources from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. Finally, UBS Group raised their price target on shares of Antero Resources from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.65.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 25,200 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $39.86, for a total value of $1,004,472.00. Following the completion of the transaction, the insider owned 306,819 shares of the company’s stock, valued at approximately $12,229,805.34. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 6.30% of the company’s stock.

Antero Resources Trading Down 0.1%

NYSE AR opened at $32.31 on Thursday. The stock has a market cap of $9.98 billion, a P/E ratio of 20.58 and a beta of 0.64. The company’s fifty day simple moving average is $36.89 and its 200-day simple moving average is $37.25. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a 52 week low of $24.53 and a 52 week high of $44.01.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 6.48% and a net margin of 10.13%. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.21) EPS. Equities research analysts predict that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

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.