Antero Resources Corporation $AR Stock Holdings Lowered by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in shares of Antero Resources Corporation (NYSE:AR) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,777 shares of the oil and natural gas company’s stock after selling 1,500 shares during the period. State of Alaska Department of Revenue’s holdings in Antero Resources were worth $1,320,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in shares of Antero Resources by 133.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company’s stock worth $151,406,000 after acquiring an additional 2,137,538 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Antero Resources by 44.3% during the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock valued at $179,567,000 after purchasing an additional 1,362,370 shares during the last quarter. Stephens Investment Management Group LLC acquired a new position in shares of Antero Resources in the 1st quarter valued at $48,314,000. Adage Capital Partners GP L.L.C. increased its stake in Antero Resources by 210.3% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,274,532 shares of the oil and natural gas company’s stock worth $51,542,000 after purchasing an additional 863,836 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Antero Resources by 46.1% during the 1st quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company’s stock worth $92,563,000 after buying an additional 721,767 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Down 0.6%

NYSE:AR opened at $33.28 on Friday. The company has a market capitalization of $10.28 billion, a P/E ratio of 21.19 and a beta of 0.56. The stock’s 50 day moving average price is $32.54 and its 200 day moving average price is $35.83. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. Antero Resources Corporation has a 52 week low of $25.36 and a 52 week 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 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the firm earned ($0.21) earnings per share. The business’s revenue was up 32.6% on a year-over-year basis. On average, research analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on AR. Weiss Ratings reiterated a “hold (c-)” rating on shares of Antero Resources in a report on Saturday, September 27th. Citigroup raised shares of Antero Resources from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $39.00 in a research note on Tuesday, September 23rd. Roth Capital downgraded shares of Antero Resources from a “buy” rating to a “neutral” rating and cut their target price for the company from $44.00 to $32.00 in a research note on Monday, August 18th. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Finally, Barclays lifted their price target on Antero Resources from $38.00 to $43.00 and gave the company an “equal weight” rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and a consensus price target of $44.38.

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.