Baird Financial Group Inc. Increases Stake in Antero Resources Corp (AR)

Baird Financial Group Inc. boosted its position in Antero Resources Corp (NYSE:AR) by 51.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,187 shares of the oil and natural gas company’s stock after buying an additional 33,741 shares during the period. Baird Financial Group Inc.’s holdings in Antero Resources Corp were worth $2,262,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in AR. Macquarie Group Ltd. increased its stake in shares of Antero Resources Corp by 22,753.0% in the fourth quarter. Macquarie Group Ltd. now owns 365,648 shares of the oil and natural gas company’s stock worth $8,648,000 after buying an additional 364,048 shares in the last quarter. Highbridge Capital Management LLC increased its stake in shares of Antero Resources Corp by 113.0% in the fourth quarter. Highbridge Capital Management LLC now owns 438,118 shares of the oil and natural gas company’s stock worth $10,362,000 after buying an additional 232,389 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Antero Resources Corp by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 51,914 shares of the oil and natural gas company’s stock worth $1,184,000 after buying an additional 1,200 shares in the last quarter. Shell Asset Management Co. increased its stake in shares of Antero Resources Corp by 14.5% in the first quarter. Shell Asset Management Co. now owns 62,774 shares of the oil and natural gas company’s stock worth $1,432,000 after buying an additional 7,957 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Antero Resources Corp during the fourth quarter worth approximately $9,059,000. 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, hitting $22.24. The company had a trading volume of 3,804,380 shares. The stock’s 50-day moving average price is $21.82 and its 200-day moving average price is $24.00. Antero Resources Corp has a one year low of $20.17 and a one year high of $30.50. The stock’s market capitalization is $7.02 billion.

Antero Resources Corp (NYSE:AR) last posted its quarterly earnings data on Monday, May 8th. The oil and natural gas company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.17. The company had revenue of $801.65 million during the quarter, compared to analyst estimates of $762.70 million. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 earnings per share. Analysts predict that Antero Resources Corp will post $0.50 EPS for the current year.

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AR has been the subject of a number of research reports. Zacks Investment Research downgraded Antero Resources Corp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Credit Suisse Group AG reiterated a “buy” rating on shares of Antero Resources Corp in a research report on Sunday, February 5th. Guggenheim upgraded Antero Resources Corp from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Thursday, March 16th. Scotiabank set a $31.00 price objective on Antero Resources Corp and gave the stock a “buy” rating in a research report on Monday, March 27th. Finally, KLR Group restated a “buy” rating and set a $35.00 target price on shares of Antero Resources Corp in a research report on Wednesday, March 1st. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Antero Resources Corp presently has an average rating of “Buy” and a consensus target price of $32.55.

In related news, insider Paul M. Rady acquired 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average cost of $21.11 per share, for a total transaction of $10,555,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.80% of the company’s stock.

About Antero Resources Corp

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.

5 Day Chart for NYSE:AR

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