LPL Financial LLC Has $2.76 Million Stake in Antero Resources Corporation $AR

LPL Financial LLC trimmed its position in shares of Antero Resources Corporation (NYSE:AR) by 56.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,232 shares of the oil and natural gas company’s stock after selling 89,269 shares during the quarter. LPL Financial LLC’s holdings in Antero Resources were worth $2,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Mascagni Wealth Management Inc. acquired a new stake in shares of Antero Resources during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Antero Resources during the 4th quarter valued at about $35,000. Bessemer Group Inc. lifted its holdings in 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 worth $42,000 after purchasing an additional 411 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in Antero Resources in the 1st quarter worth approximately $44,000. Finally, Sunbelt Securities Inc. acquired a new stake in Antero Resources in the 1st quarter worth approximately $56,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Trading Down 0.9%

Shares of AR opened at $32.06 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a 12-month low of $24.53 and a 12-month high of $44.01. The firm has a market capitalization of $9.90 billion, a PE ratio of 20.42 and a beta of 0.64. The stock’s fifty day simple moving average is $36.67 and its 200-day simple moving average is $37.18.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AR shares. Scotiabank restated an “outperform” rating on shares of Antero Resources in a report on Wednesday. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the stock an “equal weight” rating in a report on Tuesday, July 15th. 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. Raymond James Financial boosted their target price on Antero Resources from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 22nd. Finally, UBS Group boosted their target price on Antero Resources from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.65.

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.