Nisa Investment Advisors LLC Decreases Position in Antero Resources Co. (NYSE:AR)

Nisa Investment Advisors LLC decreased its position in Antero Resources Co. (NYSE:AR) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,173 shares of the oil and natural gas company’s stock after selling 405 shares during the period. Nisa Investment Advisors LLC’s holdings in Antero Resources were worth $3,042,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AR. Allspring Global Investments Holdings LLC boosted its position in Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after purchasing an additional 892 shares during the period. State of Michigan Retirement System boosted its holdings in Antero Resources by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 69,400 shares of the oil and natural gas company’s stock worth $2,013,000 after buying an additional 1,600 shares during the period. Norden Group LLC bought a new stake in Antero Resources during the 1st quarter valued at $1,255,000. Janney Montgomery Scott LLC purchased a new stake in shares of Antero Resources during the first quarter worth $322,000. Finally, Capstone Investment Advisors LLC lifted its position in shares of Antero Resources by 42.0% during the first quarter. Capstone Investment Advisors LLC now owns 17,920 shares of the oil and natural gas company’s stock worth $520,000 after acquiring an additional 5,302 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

AR has been the topic of a number of analyst reports. Jefferies Financial Group boosted their price objective on Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Roth Mkm assumed coverage on shares of Antero Resources in a report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price target on the stock. Wells Fargo & Company reduced their price objective on shares of Antero Resources from $25.00 to $24.00 and set an “underweight” rating for the company in a research note on Friday, October 18th. Wolfe Research raised shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a report on Wednesday, September 11th. Finally, The Goldman Sachs Group reduced their price target 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, September 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus target price of $32.94.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $25.54 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. Antero Resources Co. has a 52-week low of $20.10 and a 52-week high of $36.28. The company has a fifty day moving average of $27.37 and a 200-day moving average of $30.19. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 182.43 and a beta of 3.33.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, October 30th. The oil and natural gas company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). Antero Resources had a net margin of 1.03% and a negative return on equity of 0.59%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Equities research analysts expect that Antero Resources Co. will post -0.17 EPS for the current year.

Insiders Place Their Bets

In related news, insider Yvette K. Schultz sold 50,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the sale, the insider now directly owns 248,363 shares in the company, valued at $6,268,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 6.70% of the company’s stock.

Antero Resources Company Profile

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.