Sumitomo Mitsui Trust Group Inc. Acquires 2,600 Shares of Antero Resources Corporation $AR

Sumitomo Mitsui Trust Group Inc. increased its stake in Antero Resources Corporation (NYSE:AR) by 19.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,900 shares of the oil and natural gas company’s stock after buying an additional 2,600 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Antero Resources were worth $640,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AR. Invesco Ltd. boosted its position in Antero Resources by 44.3% in the 1st quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock valued at $179,567,000 after buying an additional 1,362,370 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Antero Resources by 10.7% in the 1st quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company’s stock valued at $178,868,000 after purchasing an additional 428,167 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Antero Resources by 2.7% during the second quarter. Assenagon Asset Management S.A. now owns 3,843,592 shares of the oil and natural gas company’s stock valued at $154,820,000 after purchasing an additional 99,635 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Antero Resources by 46.1% during the first quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company’s stock valued at $92,563,000 after buying an additional 721,767 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Antero Resources by 12.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,147,218 shares of the oil and natural gas company’s stock worth $86,490,000 after buying an additional 232,420 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analysts Set New Price Targets

AR has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Antero Resources in a research report on Wednesday, October 8th. Barclays dropped their price objective on Antero Resources from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday. Wells Fargo & Company upgraded Antero Resources to a “hold” rating in a research note on Thursday, October 16th. Raymond James Financial increased their price target on shares of Antero Resources from $57.00 to $58.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley lowered their price target on shares of Antero Resources from $47.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Antero Resources Stock Up 3.0%

AR stock opened at $30.94 on Friday. The stock has a market capitalization of $9.56 billion, a PE ratio of 16.45 and a beta of 0.56. Antero Resources Corporation has a 52 week low of $25.36 and a 52 week high of $44.01. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $32.47 and a 200 day moving average of $35.12.

Antero Resources (NYSE:AR) last posted 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 analysts’ consensus estimates of $0.68 by ($0.33). Antero Resources had a return on equity of 7.55% and a net margin of 11.73%.The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the business posted ($0.21) EPS. The company’s quarterly revenue was up 32.6% on a year-over-year basis. Sell-side analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current 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.