Antero Resources Corp (NYSE:AR) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund reduced its position in Antero Resources Corp (NYSE:AR) by 29.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 385,000 shares of the oil and natural gas company’s stock after selling 159,231 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Antero Resources were worth $2,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AR. Quadrant Capital Group LLC raised its stake in shares of 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 purchasing an additional 3,543 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Antero Resources by 100.0% during the second quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the oil and natural gas company’s stock worth $35,000 after purchasing an additional 3,200 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Antero Resources during the second quarter worth approximately $65,000. Commonwealth Bank of Australia raised its stake in shares of Antero Resources by 1,440.0% during the first quarter. Commonwealth Bank of Australia now owns 7,700 shares of the oil and natural gas company’s stock worth $66,000 after purchasing an additional 7,200 shares during the last quarter. Finally, Comerica Bank purchased a new stake in shares of Antero Resources during the first quarter worth approximately $87,000. 95.02% of the stock is owned by institutional investors and hedge funds.

In other news, insider Paul M. Rady purchased 7,200 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was acquired at an average price of $6.90 per share, for a total transaction of $49,680.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Glen C. Warren, Jr. purchased 25,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average price of $6.93 per share, with a total value of $173,250.00. The disclosure for this purchase can be found here. Insiders acquired 48,050 shares of company stock valued at $330,062 in the last quarter. 9.70% of the stock is currently owned by company insiders.

AR has been the subject of several analyst reports. Macquarie upgraded Antero Resources from an “underperform” rating to a “neutral” rating in a research note on Friday. They noted that the move was a valuation call. Cowen initiated coverage on Antero Resources in a research note on Tuesday, April 9th. They set a “market perform” rating and a $11.00 price target for the company. Morgan Stanley upped their price target on Antero Resources from $6.00 to $6.25 and gave the stock an “equal weight” rating in a research note on Friday, July 12th. TD Securities cut their price target on Antero Resources from $9.00 to $7.50 and set a “buy” rating for the company in a research note on Friday. Finally, Zacks Investment Research upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a research note on Friday, July 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $12.65.

NYSE:AR traded up $0.14 during trading hours on Friday, hitting $4.65. The company’s stock had a trading volume of 13,351,905 shares, compared to its average volume of 9,488,964. The company has a 50-day moving average price of $5.16. The firm has a market capitalization of $1.44 billion, a P/E ratio of 6.04 and a beta of 0.71. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.43 and a quick ratio of 0.43. Antero Resources Corp has a 52-week low of $3.95 and a 52-week high of $20.21.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.08). The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Antero Resources had a positive return on equity of 2.98% and a negative net margin of 4.91%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS. On average, research analysts anticipate that Antero Resources Corp will post -0.03 EPS for the current fiscal year.

Antero Resources Company Profile

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.

Featured Story: What is the definition of arbitrage?

Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Corp (NYSE:AR).

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

Receive News & Ratings for Antero Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources and related companies with MarketBeat.com's FREE daily email newsletter.