Bank of Nova Scotia Buys 73,677 Shares of Antero Resources Corporation $AR

Bank of Nova Scotia raised its stake in shares of Antero Resources Corporation (NYSE:AR) by 52.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 214,052 shares of the oil and natural gas company’s stock after acquiring an additional 73,677 shares during the quarter. Bank of Nova Scotia owned approximately 0.07% of Antero Resources worth $8,622,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. SVB Wealth LLC bought a new position in Antero Resources during the 1st quarter valued at about $26,000. Huntington National Bank increased its holdings in shares of Antero Resources by 91.3% during the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after buying an additional 313 shares in the last quarter. FNY Investment Advisers LLC raised its stake in shares of Antero Resources by 9,900.0% in the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after acquiring an additional 1,485 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Antero Resources by 701.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after acquiring an additional 2,616 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Antero Resources in the 2nd quarter worth approximately $162,000. Institutional investors own 83.04% of the company’s stock.

Insider Transactions at Antero Resources

In related news, insider Brendan E. Krueger bought 5,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $33.35 per share, for a total transaction of $166,750.00. Following the transaction, the insider owned 295,917 shares of the company’s stock, valued at $9,868,831.95. This represents a 1.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Bank of America lifted their price target on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group dropped their target price on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Antero Resources in a research report on Monday. Morgan Stanley raised their price target on shares of Antero Resources from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Wells Fargo & Company raised Antero Resources from an “equal weight” rating to an “overweight” rating and set a $39.00 price objective on the stock in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.94.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $37.16 on Thursday. The firm has a fifty day moving average of $33.72 and a two-hundred day moving average of $34.75. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 19.76 and a beta of 0.57. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.38). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.25 billion. Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share. As a group, equities research analysts predict that Antero Resources Corporation will post 2.74 EPS for the current year.

Antero Resources 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.