Northern Trust Corp Cuts Stake in Antero Resources Corporation $AR

Key Points

• Northern Trust Corp has reduced its stake in Antero Resources Corporation by 0.9%, now holding 2,410,759 shares valued at approximately $97.49 million.
• Analysts have mixed ratings on Antero Resources, with a consensus rating of "Moderate Buy" and a price target of $43.00.
• Antero Resources missed earnings expectations with a reported EPS of $0.35, compared to the consensus estimate of $0.68, despite revenue matching expectations at $1.30 billion.

Northern Trust Corp lessened its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,410,759 shares of the oil and natural gas company's stock after selling 20,872 shares during the quarter. Northern Trust Corp owned 0.78% of Antero Resources worth $97,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Mascagni Wealth Management Inc. bought a new stake in Antero Resources during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Antero Resources during the fourth quarter valued at approximately $35,000. Bessemer Group Inc. increased its position in shares of Antero Resources by 64.7% during the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock valued at $42,000 after acquiring an additional 411 shares in the last quarter. North Star Investment Management Corp. purchased a new position in Antero Resources in the 1st quarter worth approximately $44,000. Finally, Sunbelt Securities Inc. purchased a new position in Antero Resources in the 1st quarter worth approximately $56,000. Institutional investors own 83.04% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the company. Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a research note on Wednesday, August 13th. Barclays increased their price objective on Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Raymond James Financial boosted their target price 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. Bank of America upped their target price on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, UBS Group upgraded shares of Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price target for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Antero Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

Antero Resources Stock Up 0.3%

AR stock opened at $30.8050 on Friday. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 19.62 and a beta of 0.64. 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 business's 50-day moving average is $35.74 and its two-hundred day moving average is $36.91. Antero Resources Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. Antero Resources's revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.21) EPS. As a group, analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Antero Resources Company 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.

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