CIBC World Markets Inc. Takes $1.55 Million Position in Antero Resources Corp (AR)

CIBC World Markets Inc. purchased a new stake in shares of Antero Resources Corp (NYSE:AR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 87,765 shares of the oil and natural gas company’s stock, valued at approximately $1,554,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in AR. Bank of Montreal Can raised its stake in shares of Antero Resources by 456.6% in the second quarter. Bank of Montreal Can now owns 200,141 shares of the oil and natural gas company’s stock valued at $4,274,000 after acquiring an additional 164,183 shares during the period. Nisa Investment Advisors LLC bought a new position in shares of Antero Resources in the second quarter worth about $305,000. Eqis Capital Management Inc. bought a new position in shares of Antero Resources in the second quarter worth about $257,000. Dupont Capital Management Corp grew its holdings in shares of Antero Resources by 566.2% in the second quarter. Dupont Capital Management Corp now owns 58,323 shares of the oil and natural gas company’s stock worth $1,245,000 after purchasing an additional 49,569 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Antero Resources in the second quarter worth about $4,230,000. 95.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of Antero Resources stock opened at $13.13 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. Antero Resources Corp has a 1 year low of $13.04 and a 1 year high of $22.69. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 0.80 and a beta of 0.76.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. Antero Resources had a net margin of 5.12% and a return on equity of 2.80%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the business earned $0.01 EPS. The firm’s quarterly revenue was up 38.6% on a year-over-year basis. As a group, equities research analysts forecast that Antero Resources Corp will post 0.83 earnings per share for the current fiscal year.

In other Antero Resources news, Director Richard W. Connor sold 6,907 shares of the stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $16.49, for a total transaction of $113,896.43. Following the transaction, the director now directly owns 26,059 shares in the company, valued at approximately $429,712.91. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.40% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the stock. Citigroup cut their price target on shares of Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, August 13th. ValuEngine cut shares of Antero Resources from a “sell” rating to a “strong sell” rating in a report on Thursday, November 15th. BMO Capital Markets cut shares of Antero Resources from an “outperform” rating to a “market perform” rating in a report on Friday, September 21st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Monday, November 12th. Finally, Credit Suisse Group cut their price target on shares of Antero Resources from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. The stock 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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Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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