Public Employees Retirement Association of Colorado decreased its stake in shares of Antero Resources (NYSE:AR) by 77.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,447 shares of the oil and natural gas company’s stock after selling 117,585 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Antero Resources were worth $684,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Oppenheimer & Co. Inc. purchased a new stake in Antero Resources during the first quarter valued at $1,047,000. American Assets Investment Management LLC purchased a new stake in Antero Resources during the first quarter valued at $576,000. Elkfork Partners LLC purchased a new stake in Antero Resources during the fourth quarter valued at $1,848,000. Xact Kapitalforvaltning AB raised its stake in Antero Resources by 16.1% during the fourth quarter. Xact Kapitalforvaltning AB now owns 24,711 shares of the oil and natural gas company’s stock valued at $470,000 after purchasing an additional 3,423 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Antero Resources by 33.9% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,800 shares of the oil and natural gas company’s stock valued at $300,000 after purchasing an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 94.08% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Morgan Stanley decreased their price target on shares of Antero Resources from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Friday, April 27th. Citigroup downgraded shares of Antero Resources from a “buy” rating to a “neutral” rating and upped their price target for the company from $20.62 to $27.00 in a research note on Tuesday, April 17th. ValuEngine downgraded shares of Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $23.00 price target on shares of Antero Resources in a research note on Tuesday, February 27th. Finally, Zacks Investment Research raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $23.94.
Shares of AR opened at $19.11 on Friday. Antero Resources has a twelve month low of $16.31 and a twelve month high of $22.68. The firm has a market capitalization of $6.19 billion, a PE ratio of 159.25, a PEG ratio of 0.99 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.55.
Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, April 25th. The oil and natural gas company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Antero Resources had a net margin of 10.36% and a return on equity of 1.61%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $916.54 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The business’s revenue for the quarter was up 40.1% on a year-over-year basis. equities research analysts predict that Antero Resources will post 0.99 earnings per share for the current year.
About Antero Resources
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.
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