Global Retirement Partners LLC reduced its stake in shares of Antero Resources Co. (NYSE:AR – Free Report) by 8.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,056 shares of the oil and natural gas company’s stock after selling 635 shares during the period. Global Retirement Partners LLC’s holdings in Antero Resources were worth $145,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of AR. Vanguard Group Inc. lifted its stake in shares of Antero Resources by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 26,732,940 shares of the oil and natural gas company’s stock valued at $816,157,000 after purchasing an additional 513,300 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Antero Resources by 66.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company’s stock valued at $193,043,000 after purchasing an additional 2,517,137 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Antero Resources by 55.1% in the 1st quarter. Pacer Advisors Inc. now owns 4,986,629 shares of the oil and natural gas company’s stock valued at $115,141,000 after purchasing an additional 1,771,708 shares during the last quarter. PointState Capital LP acquired a new stake in shares of Antero Resources in the 1st quarter valued at $126,793,000. Finally, Geode Capital Management LLC lifted its stake in shares of Antero Resources by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 3,827,186 shares of the oil and natural gas company’s stock valued at $118,604,000 after purchasing an additional 252,441 shares during the last quarter. 79.64% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on AR shares. Truist Financial boosted their target price on shares of Antero Resources from $28.00 to $31.00 in a research report on Monday, July 24th. Mizuho boosted their target price on shares of Antero Resources from $38.00 to $40.00 in a research report on Friday, May 19th. Benchmark cut their target price on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, July 14th. Siebert Williams Shank started coverage on shares of Antero Resources in a research report on Friday, June 30th. They set a “hold” rating and a $27.00 target price for the company. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $33.58.
Antero Resources Stock Performance
NYSE AR opened at $27.78 on Friday. The stock has a market cap of $8.34 billion, a P/E ratio of 6.26 and a beta of 3.47. The company’s 50-day simple moving average is $23.74 and its 200 day simple moving average is $23.93. Antero Resources Co. has a twelve month low of $19.91 and a twelve month high of $45.33. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.21.
Antero Resources (NYSE:AR – Get Free Report) last posted its earnings results on Thursday, July 27th. The oil and natural gas company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.01. The business had revenue of $953.31 million for the quarter, compared to analysts’ expectations of $935.87 million. Antero Resources had a net margin of 21.81% and a return on equity of 13.17%. The firm’s revenue for the quarter was down 56.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.69 earnings per share. As a group, research analysts forecast that Antero Resources Co. will post 0.42 earnings per share for the current fiscal year.
About Antero Resources
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 through three segments: Exploration, Development and Production of Natural Gas, NGLs and Oil; Marketing and Utilization of Excess Firm Transportation Capacity; and Midstream Services Through Our Equity Method Investment in Antero Midstream.
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