Cerity Partners LLC Grows Stock Holdings in Antero Resources Corporation $AR

Cerity Partners LLC lifted its position in Antero Resources Corporation (NYSE:AR) by 16.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 254,464 shares of the oil and natural gas company’s stock after buying an additional 35,806 shares during the quarter. Cerity Partners LLC owned approximately 0.08% of Antero Resources worth $10,250,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. boosted its holdings in Antero Resources by 44.3% during the 1st quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock valued at $179,567,000 after acquiring an additional 1,362,370 shares during the period. Adage Capital Partners GP L.L.C. lifted its position in shares of Antero Resources by 210.3% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,274,532 shares of the oil and natural gas company’s stock worth $51,542,000 after purchasing an additional 863,836 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Antero Resources by 46.1% in the first quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company’s stock valued at $92,563,000 after purchasing an additional 721,767 shares during the period. AQR Capital Management LLC boosted its stake in shares of Antero Resources by 96.2% in the first quarter. AQR Capital Management LLC now owns 1,269,904 shares of the oil and natural gas company’s stock valued at $51,355,000 after purchasing an additional 622,506 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Antero Resources in the first quarter valued at approximately $24,339,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of NYSE AR opened at $37.16 on Thursday. The stock has a fifty day moving average price of $33.72 and a 200 day moving average price of $34.75. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $44.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $11.46 billion, a PE ratio of 19.76 and a beta of 0.57.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, October 29th. The oil and natural gas company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) EPS. Sell-side analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current year.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Brendan E. Krueger bought 5,000 shares of Antero Resources stock in a transaction on Friday, November 7th. The stock was bought at an average price of $33.35 per share, with a total value of $166,750.00. Following the completion of the acquisition, the insider owned 295,917 shares in the company, valued at $9,868,831.95. The trade was a 1.72% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AR. Wells Fargo & Company upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and set a $39.00 target price on the stock in a report on Monday, November 3rd. Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a research note on Wednesday, August 13th. BMO Capital Markets lifted their target price on Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Antero Resources in a report on Monday. Finally, Wall Street Zen lowered Antero Resources from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.94.

Antero Resources 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.