Alliancebernstein L.P. Trims Stake in Antero Resources Corporation $AR

Alliancebernstein L.P. trimmed its stake in Antero Resources Corporation (NYSE:AR) by 5.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,547 shares of the oil and natural gas company’s stock after selling 19,105 shares during the period. Alliancebernstein L.P.’s holdings in Antero Resources were worth $14,500,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in shares of Antero Resources by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company’s stock valued at $493,000 after buying an additional 319 shares in the last quarter. World Investment Advisors boosted its holdings in shares of Antero Resources by 5.0% during the 1st quarter. World Investment Advisors now owns 7,105 shares of the oil and natural gas company’s stock valued at $287,000 after purchasing an additional 341 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Antero Resources by 64.7% during the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock valued at $42,000 after purchasing an additional 411 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Antero Resources by 7.1% during the first quarter. Ballentine Partners LLC now owns 6,282 shares of the oil and natural gas company’s stock valued at $254,000 after purchasing an additional 419 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Antero Resources by 17.2% in the first quarter. Fifth Third Bancorp now owns 3,008 shares of the oil and natural gas company’s stock worth $122,000 after purchasing an additional 442 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analysts Set New Price Targets

AR has been the topic of a number of research reports. Wells Fargo & Company set a $39.00 price objective on Antero Resources and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. Bank of America boosted their price target 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. UBS Group upgraded shares of Antero Resources from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, August 20th. Barclays lifted their price objective 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, Roth Capital lowered Antero Resources from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $44.00 to $32.00 in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.06.

Antero Resources Price Performance

Shares of NYSE AR opened at $32.85 on Friday. Antero Resources Corporation has a 1 year low of $25.36 and a 1 year high of $44.01. The firm has a 50-day simple moving average of $33.22 and a two-hundred day simple moving average of $36.23. The company has a market cap of $10.15 billion, a P/E ratio of 20.92 and a beta of 0.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30.

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

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.