Honeywell International Inc. bought a new stake in Antero Resources Corp (NYSE:AR) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 46,320 shares of the oil and natural gas company’s stock, valued at approximately $409,000.
A number of other large investors have also recently modified their holdings of the stock. Norges Bank acquired a new stake in Antero Resources during the fourth quarter worth approximately $40,327,000. Baupost Group LLC MA raised its holdings in Antero Resources by 7.5% during the fourth quarter. Baupost Group LLC MA now owns 28,587,791 shares of the oil and natural gas company’s stock worth $268,439,000 after purchasing an additional 2,000,000 shares in the last quarter. Hamilton Lane Advisors LLC acquired a new stake in Antero Resources during the first quarter worth approximately $7,440,000. Poplar Forest Capital LLC raised its holdings in Antero Resources by 40.3% during the fourth quarter. Poplar Forest Capital LLC now owns 2,760,036 shares of the oil and natural gas company’s stock worth $25,917,000 after purchasing an additional 793,020 shares in the last quarter. Finally, Sound Shore Management Inc. CT raised its holdings in Antero Resources by 9.0% during the fourth quarter. Sound Shore Management Inc. CT now owns 8,456,228 shares of the oil and natural gas company’s stock worth $79,404,000 after purchasing an additional 699,980 shares in the last quarter. 99.06% of the stock is currently owned by hedge funds and other institutional investors.
AR has been the topic of a number of recent research reports. Cowen initiated coverage on shares of Antero Resources in a report on Tuesday, April 9th. They issued a “market perform” rating and a $11.00 target price on the stock. Guggenheim set a $19.00 target price on shares of Antero Resources and gave the company a “buy” rating in a report on Thursday, February 14th. Tudor Pickering cut shares of Antero Resources from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Scotiabank reaffirmed a “hold” rating and issued a $18.00 target price on shares of Antero Resources in a report on Thursday, February 14th. Finally, TheStreet cut shares of Antero Resources from a “c-” rating to a “d+” rating in a report on Thursday, February 7th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $17.19.
NYSE:AR traded down $0.11 during midday trading on Thursday, reaching $7.88. The stock had a trading volume of 693,923 shares, compared to its average volume of 6,564,151. Antero Resources Corp has a 12-month low of $6.75 and a 12-month high of $22.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 0.49 and a beta of 0.90.
Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, May 1st. The oil and natural gas company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Antero Resources had a negative net margin of 9.58% and a positive return on equity of 3.70%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $0.44 earnings per share. As a group, analysts expect that Antero Resources Corp will post 0.73 earnings per share for the current fiscal year.
In related news, insider Paul M. Rady bought 12,239 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were bought at an average cost of $8.34 per share, for a total transaction of $102,073.26. Following the transaction, the insider now owns 9,579,520 shares of the company’s stock, valued at $79,893,196.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.40% of the stock is currently owned by insiders.
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Antero Resources Profile
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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