Alliancebernstein L.P. Lowers Position in Antero Resources Corporation $AR

Alliancebernstein L.P. decreased its position in shares of Antero Resources Corporation (NYSE:AR) by 5.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 358,547 shares of the oil and natural gas company’s stock after selling 19,105 shares during the period. Alliancebernstein L.P. owned about 0.12% of Antero Resources worth $14,500,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in Antero Resources by 2.3% in the fourth quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company’s stock worth $493,000 after purchasing an additional 319 shares during the period. World Investment Advisors boosted its holdings in shares of Antero Resources by 5.0% during the 1st quarter. World Investment Advisors now owns 7,105 shares of the oil and natural gas company’s stock valued at $287,000 after buying an additional 341 shares in the last quarter. Bessemer Group Inc. grew its position 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 worth $42,000 after buying an additional 411 shares during the period. Ballentine Partners LLC grew its position in shares of Antero Resources by 7.1% in the 1st quarter. Ballentine Partners LLC now owns 6,282 shares of the oil and natural gas company’s stock worth $254,000 after buying an additional 419 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Antero Resources by 17.2% in the 1st quarter. Fifth Third Bancorp now owns 3,008 shares of the oil and natural gas company’s stock worth $122,000 after acquiring an additional 442 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

AR stock opened at $32.85 on Friday. The stock has a market capitalization of $10.15 billion, a P/E ratio of 20.92 and a beta of 0.63. 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 Corporation has a 1-year low of $25.36 and a 1-year high of $44.01. The business has a fifty day moving average price of $33.22 and a 200-day moving average price of $36.23.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 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 business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the business earned ($0.21) earnings per share. The company’s quarterly revenue was up 32.6% on a year-over-year basis. Equities analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on AR shares. Roth Capital lowered shares of Antero Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $44.00 to $32.00 in a research note on Monday, August 18th. Bank of America boosted their price target on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Antero Resources in a research report on Wednesday, August 13th. Barclays lifted their price objective on Antero Resources from $38.00 to $43.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. Finally, Morgan Stanley increased their target price on Antero Resources from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.06.

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.