Zurcher Kantonalbank Zurich Cantonalbank Has $119,000 Position in Antero Resources Corp (AR)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of Antero Resources Corp (NYSE:AR) by 56.9% during the first quarter, HoldingsChannel.com reports. The firm owned 13,442 shares of the oil and natural gas company’s stock after selling 17,782 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Antero Resources were worth $119,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew its position in Antero Resources by 3,191.9% during the first quarter. Quadrant Capital Group LLC now owns 3,654 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 3,543 shares in the last quarter. Quantamental Technologies LLC bought a new position in Antero Resources during the 4th quarter valued at approximately $45,000. Financial Architects Inc bought a new position in Antero Resources during the 4th quarter valued at approximately $56,000. TD Asset Management Inc. bought a new position in Antero Resources during the 4th quarter valued at approximately $98,000. Finally, World Asset Management Inc bought a new position in Antero Resources during the 1st quarter valued at approximately $96,000.

Shares of Antero Resources stock traded down $0.15 during midday trading on Thursday, hitting $6.75. The company had a trading volume of 154,705 shares, compared to its average volume of 7,575,728. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $2.28 billion, a P/E ratio of 8.79, a PEG ratio of 0.50 and a beta of 0.90. Antero Resources Corp has a 52-week low of $6.75 and a 52-week high of $22.69.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, May 1st. The oil and natural gas company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.05). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Antero Resources had a positive return on equity of 3.70% and a negative net margin of 9.58%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 EPS. As a group, equities analysts expect that Antero Resources Corp will post 0.73 EPS for the current year.

In related news, insider Paul M. Rady purchased 12,200 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $8.30 per share, for a total transaction of $101,260.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul M. Rady purchased 12,239 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $8.34 per share, for a total transaction of $102,073.26. Following the purchase, the insider now directly owns 9,579,520 shares in the company, valued at $79,893,196.80. The disclosure for this purchase can be found here. Insiders purchased a total of 49,439 shares of company stock worth $376,583 in the last 90 days. 9.40% of the stock is currently owned by company insiders.

AR has been the subject of several research reports. Scotiabank reissued a “hold” rating and issued a $18.00 target price on shares of Antero Resources in a research report on Thursday, February 14th. Guggenheim set a $19.00 target price on Antero Resources and gave the stock a “buy” rating in a research report on Thursday, February 14th. Cowen initiated coverage on Antero Resources in a research report on Tuesday, April 9th. They issued a “market perform” rating and a $11.00 target price for the company. Goldman Sachs Group initiated coverage on Antero Resources in a research report on Friday, April 12th. They issued a “buy” rating and a $10.50 target price for the company. Finally, TheStreet lowered Antero Resources from a “c-” rating to a “d+” rating in a research report on Thursday, February 7th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $17.19.

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About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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