HighTower Advisors LLC Trims Holdings in Antero Resources Corporation $AR

HighTower Advisors LLC decreased its holdings in Antero Resources Corporation (NYSE:AR) by 65.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,027 shares of the oil and natural gas company’s stock after selling 62,888 shares during the period. HighTower Advisors LLC’s holdings in Antero Resources were worth $1,336,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mascagni Wealth Management Inc. purchased a new stake in Antero Resources in the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new position in shares of Antero Resources during the 4th quarter worth $35,000. Bessemer Group Inc. grew its position in shares of Antero Resources by 64.7% during the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock worth $42,000 after buying an additional 411 shares in the last quarter. North Star Investment Management Corp. bought a new position in shares of Antero Resources during the 1st quarter worth $44,000. Finally, Sunbelt Securities Inc. bought a new position in shares of Antero Resources during the 1st quarter worth $56,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

AR has been the topic of a number of recent research reports. Mizuho raised Antero Resources from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $47.00 to $49.00 in a research report on Tuesday, May 13th. Wells Fargo & Company set a $39.00 price target on Antero Resources and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. UBS Group raised Antero Resources from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, August 20th. Barclays increased their price target on Antero Resources from $38.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Monday, July 7th. Finally, Morgan Stanley increased their price target on Antero Resources from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.00.

Antero Resources Price Performance

Shares of AR stock opened at $30.67 on Tuesday. Antero Resources Corporation has a 1-year low of $24.53 and a 1-year high of $44.01. The stock’s 50-day moving average is $35.51 and its 200 day moving average is $36.85. The company has a market cap of $9.47 billion, a P/E ratio of 19.54 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30.

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

About Antero Resources

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.