Treasurer of the State of North Carolina Increases Stake in Antero Resources Corp (NYSE:AR)

Treasurer of the State of North Carolina increased its holdings in Antero Resources Corp (NYSE:AR) by 21.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 129,911 shares of the oil and natural gas company’s stock after purchasing an additional 23,040 shares during the period. Treasurer of the State of North Carolina’s holdings in Antero Resources were worth $718,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Antero Resources during the 2nd quarter valued at $60,408,000. Renaissance Technologies LLC raised its holdings in Antero Resources by 435.1% during the 2nd quarter. Renaissance Technologies LLC now owns 6,312,201 shares of the oil and natural gas company’s stock valued at $34,906,000 after buying an additional 5,132,465 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in Antero Resources by 727.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,568,894 shares of the oil and natural gas company’s stock valued at $19,737,000 after buying an additional 3,137,781 shares during the last quarter. DDD Partners LLC bought a new stake in Antero Resources during the 2nd quarter valued at $7,224,000. Finally, Parametric Portfolio Associates LLC raised its holdings in Antero Resources by 265.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,707,178 shares of the oil and natural gas company’s stock valued at $9,441,000 after buying an additional 1,239,685 shares during the last quarter. 95.07% of the stock is owned by institutional investors.

Shares of NYSE AR opened at $2.73 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.78. Antero Resources Corp has a 12 month low of $2.38 and a 12 month high of $19.34. The firm has a market capitalization of $760.69 million, a PE ratio of 3.04 and a beta of 0.79. The firm has a fifty day simple moving average of $3.31 and a two-hundred day simple moving average of $5.58.



Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.08). Antero Resources had a positive return on equity of 2.99% and a negative net margin of 4.91%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.02 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, sell-side analysts predict that Antero Resources Corp will post -0.35 earnings per share for the current year.

A number of equities research analysts recently commented on AR shares. Guggenheim set a $7.00 price target on shares of Antero Resources and gave the company a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. started coverage on shares of Antero Resources in a report on Thursday, October 3rd. They set an “underweight” rating for the company. Macquarie upgraded shares of Antero Resources from an “underperform” rating to a “neutral” rating in a report on Friday, August 2nd. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group reiterated a “neutral” rating and set a $3.00 price target (down from $6.00) on shares of Antero Resources in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a report on Friday, July 12th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $10.40.

About Antero Resources

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.

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

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