New York State Common Retirement Fund Has $4.98 Million Position in Antero Resources Corp (AR)
New York State Common Retirement Fund increased its position in Antero Resources Corp (NYSE:AR) by 0.9% during the fourth quarter, HoldingsChannel reports. The firm owned 529,800 shares of the oil and natural gas company’s stock after acquiring an additional 4,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Antero Resources were worth $4,975,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Antero Resources by 142.7% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 110,381 shares of the oil and natural gas company’s stock valued at $1,036,000 after acquiring an additional 64,900 shares during the period. Financial Architects Inc bought a new position in Antero Resources during the 4th quarter valued at about $56,000. Parkwood LLC lifted its stake in Antero Resources by 31.8% during the 3rd quarter. Parkwood LLC now owns 368,440 shares of the oil and natural gas company’s stock valued at $6,525,000 after acquiring an additional 88,888 shares during the period. Riverhead Capital Management LLC bought a new position in Antero Resources during the 3rd quarter valued at about $416,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in Antero Resources during the 3rd quarter valued at about $177,000. Institutional investors own 97.28% of the company’s stock.
Several research firms have issued reports on AR. Scotiabank restated a “hold” rating and set a $18.00 target price on shares of Antero Resources in a research note on Thursday, February 14th. Guggenheim set a $19.00 target price on shares of Antero Resources and gave the company a “buy” rating in a research note on Thursday, February 14th. TheStreet cut shares of Antero Resources from a “c-” rating to a “d+” rating in a research note on Thursday, February 7th. Capital One Financial cut shares of Antero Resources from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Finally, TD Securities lowered their target price on shares of Antero Resources from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, December 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Antero Resources has an average rating of “Hold” and an average price target of $19.05.
Shares of NYSE:AR opened at $8.42 on Friday. Antero Resources Corp has a twelve month low of $7.63 and a twelve month high of $22.69. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $2.60 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 13.62 and a beta of 0.98.
Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 13th. The oil and natural gas company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.09. Antero Resources had a negative net margin of 9.60% and a positive return on equity of 3.67%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the business earned $0.33 EPS. The business’s quarterly revenue was up 34.5% on a year-over-year basis. As a group, analysts expect that Antero Resources Corp will post 0.03 EPS for the current fiscal year.
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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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