Maryland State Retirement & Pension System Reduces Stake in Antero Resources Corporation (NYSE:AR)

Maryland State Retirement & Pension System lowered its position in Antero Resources Corporation (NYSE:AR) by 18.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,557 shares of the oil and natural gas company’s stock after selling 3,025 shares during the period. Maryland State Retirement & Pension System’s holdings in Antero Resources were worth $548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AR. Assenagon Asset Management S.A. boosted its position in Antero Resources by 133.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company’s stock valued at $151,406,000 after buying an additional 2,137,538 shares during the last quarter. Castle Hook Partners LP purchased a new stake in Antero Resources in the fourth quarter valued at approximately $60,980,000. Dimensional Fund Advisors LP boosted its position in Antero Resources by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company’s stock valued at $414,628,000 after buying an additional 1,274,760 shares during the last quarter. Webs Creek Capital Management LP purchased a new stake in Antero Resources in the fourth quarter valued at approximately $44,525,000. Finally, Bank of America Corp DE boosted its position in Antero Resources by 145.1% in the fourth quarter. Bank of America Corp DE now owns 386,725 shares of the oil and natural gas company’s stock valued at $13,555,000 after buying an additional 1,245,101 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Scotiabank restated an “outperform” rating on shares of Antero Resources in a research report on Wednesday. Raymond James Financial upped their price objective on Antero Resources from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 22nd. Mizuho upgraded Antero Resources from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $47.00 to $49.00 in a research report on Tuesday, May 13th. Bank of America upped their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Finally, Barclays upped their price objective on Antero Resources from $38.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and a consensus price target of $43.65.

Antero Resources Stock Down 0.1%

NYSE AR opened at $32.36 on Friday. The business has a fifty day moving average price of $36.80 and a 200 day moving average price of $37.22. Antero Resources Corporation has a one year low of $24.53 and a one year high of $44.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $10.00 billion, a P/E ratio of 20.61 and a beta of 0.64.

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

Antero Resources 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.