First Trust Advisors LP Has $24.18 Million Holdings in Antero Resources Corporation $AR

First Trust Advisors LP increased its position in shares of Antero Resources Corporation (NYSE:AR) by 24.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 600,399 shares of the oil and natural gas company’s stock after purchasing an additional 119,305 shares during the period. First Trust Advisors LP’s holdings in Antero Resources were worth $24,184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AR. EverSource Wealth Advisors LLC grew its position in shares of Antero Resources by 701.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after acquiring an additional 2,616 shares during the period. Invesco Ltd. grew its holdings in Antero Resources by 18.4% during the second quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock worth $211,805,000 after purchasing an additional 817,977 shares during the period. RR Advisors LLC increased its position in Antero Resources by 3.1% during the second quarter. RR Advisors LLC now owns 296,000 shares of the oil and natural gas company’s stock worth $11,919,000 after buying an additional 9,000 shares during the last quarter. Quantbot Technologies LP increased its position in Antero Resources by 23.9% during the second quarter. Quantbot Technologies LP now owns 146,186 shares of the oil and natural gas company’s stock worth $5,888,000 after buying an additional 28,182 shares during the last quarter. Finally, M&T Bank Corp lifted its position in shares of Antero Resources by 9.0% in the second quarter. M&T Bank Corp now owns 26,829 shares of the oil and natural gas company’s stock valued at $1,081,000 after buying an additional 2,206 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AR shares. UBS Group decreased their target price on Antero Resources from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, September 15th. Morgan Stanley upped their price objective on shares of Antero Resources from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup upgraded shares of Antero Resources from a “neutral” rating to a “buy” rating and raised their target price for the stock from $37.00 to $39.00 in a research note on Tuesday, September 23rd. Wells Fargo & Company raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and set a $39.00 target price for the company in a report on Monday, November 3rd. Finally, Barclays lowered their price target on shares of Antero Resources from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.94.

Insiders Place Their Bets

In related news, insider Brendan E. Krueger bought 5,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $33.35 per share, for a total transaction of $166,750.00. Following the transaction, the insider owned 295,917 shares in the company, valued at $9,868,831.95. The trade was a 1.72% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is owned by corporate insiders.

Antero Resources Stock Performance

Shares of NYSE:AR opened at $37.16 on Thursday. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $44.01. The company’s 50 day moving average price is $33.72 and its two-hundred day moving average price is $34.75. The firm has a market cap of $11.46 billion, a PE ratio of 19.76 and a beta of 0.57. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.17.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.25 billion. Antero Resources had a net margin of 11.73% and a return on equity of 7.51%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Equities research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current year.

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.