Cetera Investment Advisers Increases Position in Antero Resources Corporation (NYSE:AR)

Cetera Investment Advisers raised its position in Antero Resources Corporation (NYSE:AR) by 50.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,090 shares of the oil and natural gas company’s stock after purchasing an additional 7,030 shares during the period. Cetera Investment Advisers’ holdings in Antero Resources were worth $853,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of AR. Mascagni Wealth Management Inc. acquired a new stake in Antero Resources during the 4th quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in Antero Resources during the 4th quarter worth $35,000. Bessemer Group Inc. boosted its stake in Antero Resources by 64.7% during the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock worth $42,000 after purchasing an additional 411 shares during the period. North Star Investment Management Corp. acquired a new stake in Antero Resources during the 1st quarter worth $44,000. Finally, Sunbelt Securities Inc. acquired a new stake in Antero Resources during the 1st quarter worth $56,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Performance

Shares of AR opened at $32.31 on Thursday. The company has a 50-day simple moving average of $36.89 and a 200-day simple moving average of $37.25. 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 $9.98 billion, a PE ratio of 20.58 and a beta of 0.64. Antero Resources Corporation has a 52-week low of $24.53 and a 52-week high of $44.01.

Antero Resources (NYSE:AR) last announced its quarterly earnings results 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 company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.21) EPS. Equities research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Antero Resources news, insider Yvette K. Schultz sold 25,200 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the completion of the transaction, the insider directly owned 306,819 shares in the company, valued at approximately $12,229,805.34. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AR shares. Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a research note on Wednesday. Wells Fargo & Company set a $39.00 price target on shares of Antero Resources and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. UBS Group increased their price target on shares of Antero Resources from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Barclays increased their price target on shares of Antero Resources from $38.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Monday, July 7th. Finally, Bank of America upped their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.65.

Antero Resources Company 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.