Airain ltd Buys New Position in Antero Resources Corp (AR)

Airain ltd purchased a new position in Antero Resources Corp (NYSE:AR) during the first quarter, Holdings Channel reports. The fund purchased 236,783 shares of the oil and natural gas company’s stock, valued at approximately $5,401,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Strs Ohio boosted its position in Antero Resources Corp by 106.0% in the third quarter. Strs Ohio now owns 136,050 shares of the oil and natural gas company’s stock valued at $3,666,000 after buying an additional 70,000 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Antero Resources Corp by 2.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,819 shares of the oil and natural gas company’s stock valued at $588,000 after buying an additional 472 shares during the period. S&CO Inc. acquired a new position in Antero Resources Corp during the third quarter valued at approximately $331,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Antero Resources Corp by 283.6% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 19,565 shares of the oil and natural gas company’s stock valued at $1,261,000 after buying an additional 14,465 shares during the period. Finally, First Trust Advisors LP boosted its position in Antero Resources Corp by 8.9% in the third quarter. First Trust Advisors LP now owns 2,865,548 shares of the oil and natural gas company’s stock valued at $77,227,000 after buying an additional 234,901 shares during the period. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Institutional Ownership by Quarter for Antero Resources Corp (NYSE:AR)

Shares of Antero Resources Corp (NYSE:AR) traded up 3.88% during midday trading on Friday, reaching $22.24. The company’s stock had a trading volume of 3,804,380 shares. The stock has a 50 day moving average price of $21.80 and a 200-day moving average price of $23.97. The company’s market capitalization is $7.02 billion. Antero Resources Corp has a 52-week low of $20.17 and a 52-week high of $30.50.

Antero Resources Corp (NYSE:AR) last posted its earnings results on Monday, May 8th. The oil and natural gas company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.17. The company had revenue of $801.65 million for the quarter, compared to the consensus estimate of $762.70 million. Antero Resources Corp’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 EPS. Equities research analysts expect that Antero Resources Corp will post $0.50 EPS for the current year.

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Several research firms have recently commented on AR. Scotiabank reiterated a “buy” rating and set a $34.00 target price on shares of Antero Resources Corp in a research note on Monday, February 6th. Credit Suisse Group AG reiterated a “buy” rating on shares of Antero Resources Corp in a research note on Sunday, February 5th. KLR Group reiterated a “buy” rating and set a $35.00 target price on shares of Antero Resources Corp in a research note on Wednesday, March 1st. Guggenheim upgraded Antero Resources Corp from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Thursday, March 16th. Finally, Zacks Investment Research upgraded Antero Resources Corp from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research note on Monday, March 13th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Antero Resources Corp currently has an average rating of “Buy” and a consensus price target of $32.55.

In related news, insider Paul M. Rady bought 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of $21.11 per share, for a total transaction of $10,555,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 10.80% of the stock is owned by company insiders.

Antero Resources Corp Company Profile

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

12 Month Chart for NYSE:AR

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