Deutsche Bank AG decreased its stake in Antero Resources Co. (NYSE:AR) by 40.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,084,986 shares of the oil and natural gas company’s stock after selling 733,108 shares during the quarter. Deutsche Bank AG owned 0.35% of Antero Resources worth $20,408,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Capital Fund Management S.A. purchased a new stake in Antero Resources in the 2nd quarter worth about $3,962,000. Balyasny Asset Management LLC purchased a new stake in Antero Resources in the 2nd quarter worth about $27,041,000. Marshall Wace LLP purchased a new stake in Antero Resources in the 2nd quarter worth about $8,539,000. Invesco Ltd. lifted its stake in Antero Resources by 2.5% in the 2nd quarter. Invesco Ltd. now owns 1,996,122 shares of the oil and natural gas company’s stock worth $30,001,000 after acquiring an additional 48,210 shares in the last quarter. Finally, Parkwood LLC purchased a new stake in Antero Resources in the 2nd quarter worth about $306,000. 73.39% of the stock is owned by hedge funds and other institutional investors.
AR opened at $18.44 on Friday. The firm has a market capitalization of $5.79 billion, a P/E ratio of -5.60 and a beta of 4.35. The stock’s 50 day moving average price is $18.35 and its two-hundred day moving average price is $16.67. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. Antero Resources Co. has a 12-month low of $5.75 and a 12-month high of $21.99.
Antero Resources (NYSE:AR) last released its earnings results on Tuesday, October 26th. The oil and natural gas company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.12). The business had revenue of $534.42 million during the quarter, compared to analyst estimates of $1.23 billion. Antero Resources had a negative net margin of 28.79% and a positive return on equity of 4.50%. During the same period last year, the business earned $0.05 EPS. As a group, analysts anticipate that Antero Resources Co. will post 1.61 earnings per share for the current year.
A number of research firms have recently weighed in on AR. Northland Securities raised their price target on Antero Resources from $21.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 30th. Zacks Investment Research downgraded Antero Resources from a “buy” rating to a “hold” rating and set a $20.00 price target for the company. in a research note on Tuesday, November 30th. Raymond James raised their price target on Antero Resources from $19.00 to $32.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, October 26th. Benchmark began coverage on Antero Resources in a research note on Tuesday, October 26th. They set a “buy” rating and a $32.00 price target for the company. Finally, Mizuho cut their price target on Antero Resources from $32.00 to $28.00 in a research note on Monday, January 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $21.81.
In other news, Director W Howard Keenan, Jr. sold 176,712 shares of Antero Resources stock in a transaction that occurred on Friday, November 19th. The stock was sold at an average price of $18.44, for a total transaction of $3,258,569.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 179,027 shares of Antero Resources stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $18.46, for a total value of $3,304,838.42. The disclosure for this sale can be found here. Insiders sold a total of 357,739 shares of company stock worth $6,602,528 in the last ninety days. Insiders own 9.73% of the company’s stock.
Antero Resources Company Profile
Antero Resources Corp. is an independent oil and natural gas company. It engages in the exploration, development, and production of natural gas, NGLs, and oil. The firm focuses on marketing and utilization of excess firm transportation capacity, and equity method investment in Antero Midstream Corporation.
Featured Article: Ex-Dividend
Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Co. (NYSE:AR).
Want More Great Investing Ideas?