Blair William & Co. IL Has $1.88 Million Stock Holdings in Antero Resources Corporation $AR

Blair William & Co. IL lifted its position in shares of Antero Resources Corporation (NYSE:AR) by 16.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,587 shares of the oil and natural gas company’s stock after purchasing an additional 6,731 shares during the period. Blair William & Co. IL’s holdings in Antero Resources were worth $1,877,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS increased its stake in shares of Antero Resources by 42.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 85,900 shares of the oil and natural gas company’s stock worth $3,460,000 after purchasing an additional 25,500 shares during the last quarter. 111 Capital acquired a new position in Antero Resources in the 2nd quarter valued at about $282,000. QRG Capital Management Inc. grew its stake in Antero Resources by 17.1% in the 2nd quarter. QRG Capital Management Inc. now owns 6,721 shares of the oil and natural gas company’s stock valued at $271,000 after buying an additional 980 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Antero Resources by 12.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,147,218 shares of the oil and natural gas company’s stock valued at $86,490,000 after buying an additional 232,420 shares during the last quarter. Finally, Deltec Asset Management LLC acquired a new position in Antero Resources in the 2nd quarter valued at about $4,149,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Performance

NYSE AR opened at $31.60 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $9.76 billion, a P/E ratio of 20.13 and a beta of 0.56. Antero Resources Corporation has a 12-month low of $25.36 and a 12-month high of $44.01. The firm has a 50-day moving average price of $32.46 and a two-hundred day moving average price of $35.46.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.33). The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.21) EPS. Analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on AR. Barclays decreased their price target on shares of Antero Resources from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. UBS Group decreased their price target on shares of Antero Resources from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, September 15th. JPMorgan Chase & Co. decreased their price target on shares of Antero Resources from $49.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a research note on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Antero Resources in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and a consensus price target of $44.13.

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.