Arizona State Retirement System Acquires 2,269 Shares of Antero Resources Co. (NYSE:AR)

Arizona State Retirement System increased its holdings in shares of Antero Resources Co. (NYSE:AR) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,736 shares of the oil and natural gas company’s stock after buying an additional 2,269 shares during the period. Arizona State Retirement System’s holdings in Antero Resources were worth $2,634,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Eagle Asset Management Inc. raised its position in shares of Antero Resources by 9.3% during the 4th quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock valued at $75,761,000 after acquiring an additional 285,485 shares during the last quarter. Diversified Trust Co acquired a new position in Antero Resources in the second quarter valued at about $1,154,000. M&T Bank Corp lifted its stake in Antero Resources by 5.6% in the fourth quarter. M&T Bank Corp now owns 21,474 shares of the oil and natural gas company’s stock valued at $487,000 after buying an additional 1,141 shares during the period. MADDEN SECURITIES Corp grew its position in shares of Antero Resources by 38.5% during the 1st quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company’s stock worth $4,351,000 after buying an additional 41,725 shares during the period. Finally, National Bank of Canada FI increased its stake in shares of Antero Resources by 223.3% in the 4th quarter. National Bank of Canada FI now owns 121,911 shares of the oil and natural gas company’s stock valued at $2,758,000 after acquiring an additional 84,201 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the transaction, the insider now directly owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AR has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $40.00 to $44.00 in a research report on Tuesday, August 20th. Wolfe Research initiated coverage on Antero Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Roth Capital raised Antero Resources to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, Mizuho raised their price target on Antero Resources from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.29.

Antero Resources Trading Down 1.1 %

NYSE:AR opened at $25.17 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources Co. has a twelve month low of $20.10 and a twelve month high of $36.28. The company has a market cap of $7.83 billion, a P/E ratio of 125.85 and a beta of 3.33. The business has a 50 day moving average price of $28.67 and a two-hundred day moving average price of $30.16.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The business had revenue of $978.65 million during the quarter, compared to the consensus estimate of $980.20 million. As a group, analysts expect that Antero Resources Co. will post 0.35 EPS 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 in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.