Vontobel Holding Ltd. decreased its holdings in shares of Antero Resources Co. (NYSE:AR – Free Report) by 18.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,247 shares of the oil and natural gas company’s stock after selling 2,773 shares during the quarter. Vontobel Holding Ltd.’s holdings in Antero Resources were worth $282,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Belpointe Asset Management LLC increased its stake in shares of Antero Resources by 195.2% in the first quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company’s stock valued at $36,000 after buying an additional 1,027 shares during the period. Tucker Asset Management LLC bought a new stake in Antero Resources in the first quarter valued at approximately $40,000. FNY Investment Advisers LLC bought a new stake in Antero Resources in the first quarter valued at approximately $46,000. US Bancorp DE boosted its holdings in Antero Resources by 3,532.9% in the first quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company’s stock valued at $78,000 after acquiring an additional 2,473 shares during the last quarter. Finally, State of Wyoming bought a new stake in Antero Resources in the fourth quarter valued at approximately $93,000. Institutional investors and hedge funds own 80.20% of the company’s stock.
Wall Street Analyst Weigh In
AR has been the topic of several analyst reports. JPMorgan Chase & Co. cut Antero Resources from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $36.00 to $30.00 in a report on Tuesday, June 27th. The Goldman Sachs Group upped their target price on Antero Resources from $28.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Siebert Williams Shank initiated coverage on Antero Resources in a report on Friday, June 30th. They issued a “hold” rating and a $27.00 target price on the stock. Mizuho reduced their target price on Antero Resources from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, September 18th. Finally, Sanford C. Bernstein started coverage on Antero Resources in a report on Tuesday, October 10th. They set a “market perform” rating and a $29.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $33.62.
Antero Resources Price Performance
Shares of AR opened at $27.83 on Monday. Antero Resources Co. has a 12-month low of $19.91 and a 12-month high of $40.19. The business’s fifty day moving average is $26.50 and its 200 day moving average is $24.12. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.21. The stock has a market cap of $8.36 billion, a P/E ratio of 6.27 and a beta of 3.47.
Antero Resources (NYSE:AR – Get Free Report) last issued its earnings results on Thursday, July 27th. The oil and natural gas company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01. Antero Resources had a return on equity of 13.17% and a net margin of 21.81%. The company had revenue of $953.31 million for the quarter, compared to analysts’ expectations of $935.87 million. During the same period last year, the business earned $1.69 EPS. Antero Resources’s quarterly revenue was down 56.7% compared to the same quarter last year. Sell-side analysts anticipate that Antero Resources Co. will post 0.45 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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