Allianz Asset Management GmbH Reduces Stock Holdings in Antero Resources Corporation $AR

Key Points

• Allianz Asset Management GmbH has reduced its holdings in Antero Resources Corporation by 76.8%, selling 300,897 shares during the second quarter.
• Despite the reduction, Antero Resources reported revenue of $1.30 billion for the quarter, which matched consensus estimates, but earnings per share fell short at $0.35, missing the expectation of $0.68.
• Analysts have mixed ratings on Antero Resources, with a consensus "Moderate Buy" and a price target averaging $44.13, influenced by recent adjustments from firms like Jefferies and Barclays.

Allianz Asset Management GmbH decreased its holdings in Antero Resources Corporation (NYSE:AR - Free Report) by 76.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,052 shares of the oil and natural gas company's stock after selling 300,897 shares during the quarter. Allianz Asset Management GmbH's holdings in Antero Resources were worth $3,668,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new stake in Antero Resources in the first quarter worth $26,000. Bessemer Group Inc. lifted its stake in Antero Resources by 64.7% in the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock worth $42,000 after acquiring an additional 411 shares during the period. Sunbelt Securities Inc. purchased a new stake in Antero Resources in the first quarter worth $56,000. Morse Asset Management Inc purchased a new stake in Antero Resources in the first quarter worth $142,000. Finally, Geneos Wealth Management Inc. lifted its stake in Antero Resources by 10.1% in the first quarter. Geneos Wealth Management Inc. now owns 4,054 shares of the oil and natural gas company's stock worth $164,000 after acquiring an additional 371 shares during the period. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $32.83 on Friday. Antero Resources Corporation has a 12 month low of $25.36 and a 12 month high of $44.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $32.35 and a two-hundred day simple moving average of $35.17. The firm has a market capitalization of $10.14 billion, a P/E ratio of 20.91 and a beta of 0.56.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share 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 company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the business earned ($0.21) earnings per share. Antero Resources's revenue was up 32.6% compared to the same quarter last year. On average, equities analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on AR shares. Jefferies Financial Group dropped their price target on Antero Resources from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, October 3rd. Roth Capital lowered Antero Resources from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $44.00 to $32.00 in a research report on Monday, August 18th. UBS Group lowered their price objective on Antero Resources from $43.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, September 15th. Weiss Ratings reissued a "hold (c-)" rating on shares of Antero Resources in a research report on Wednesday, October 8th. Finally, Barclays lowered their price objective on Antero Resources from $43.00 to $42.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Antero Resources presently has an average rating of "Moderate Buy" and a consensus price target of $44.13.

About Antero Resources

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.

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