BP Capital Fund Advisors LLC acquired a new position in Antero Resources Corp (NYSE:AR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 193,917 shares of the oil and natural gas company’s stock, valued at approximately $3,434,000. Antero Resources accounts for approximately 1.5% of BP Capital Fund Advisors LLC’s investment portfolio, making the stock its 29th largest position. BP Capital Fund Advisors LLC owned 0.06% of Antero Resources as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. grew its position in Antero Resources by 114.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,900 shares of the oil and natural gas company’s stock worth $158,000 after buying an additional 4,750 shares in the last quarter. Sheaff Brock Investment Advisors LLC acquired a new stake in Antero Resources during the third quarter worth about $177,000. MHI Funds LLC acquired a new stake in Antero Resources during the third quarter worth about $253,000. Standard Life Aberdeen plc acquired a new stake in Antero Resources during the second quarter worth about $254,000. Finally, Eqis Capital Management Inc. acquired a new stake in Antero Resources during the second quarter worth about $257,000. Institutional investors and hedge funds own 94.98% of the company’s stock.
In other Antero Resources news, Director Richard W. Connor sold 6,907 shares of Antero Resources stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $16.49, for a total transaction of $113,896.43. Following the sale, the director now directly owns 26,059 shares of the company’s stock, valued at $429,712.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.40% of the stock is currently owned by insiders.
NYSE AR opened at $13.48 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 0.82 and a beta of 0.78. Antero Resources Corp has a 1-year low of $13.07 and a 1-year high of $22.69.
Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, October 31st. The oil and natural gas company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. Antero Resources had a return on equity of 2.80% and a net margin of 5.12%. The company’s quarterly revenue was up 38.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 earnings per share. On average, sell-side analysts predict that Antero Resources Corp will post 0.84 EPS for the current year.
A number of research firms recently weighed in on AR. Zacks Investment Research downgraded Antero Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. BMO Capital Markets downgraded Antero Resources from an “outperform” rating to a “market perform” rating in a research report on Friday, September 21st. They noted that the move was a valuation call. TD Securities decreased their target price on Antero Resources from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. Citigroup decreased their target price on Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, August 13th. Finally, Scotiabank reissued a “hold” rating and set a $26.00 target price on shares of Antero Resources in a research report on Monday, October 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Antero Resources presently has a consensus rating of “Hold” and an average target price of $22.90.
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Antero Resources Profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.
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