Royal Bank of Canada Has $27.38 Million Position in Antero Resources Corporation $AR

Royal Bank of Canada cut its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 677,088 shares of the oil and natural gas company's stock after selling 70,162 shares during the period. Royal Bank of Canada owned approximately 0.22% of Antero Resources worth $27,381,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its holdings in Antero Resources by 2.3% during the fourth quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company's stock worth $493,000 after buying an additional 319 shares in the last quarter. World Investment Advisors grew its holdings in shares of Antero Resources by 5.0% during the 1st quarter. World Investment Advisors now owns 7,105 shares of the oil and natural gas company's stock valued at $287,000 after acquiring an additional 341 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Antero Resources by 2.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company's stock valued at $503,000 after acquiring an additional 370 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Antero Resources by 64.7% during the 1st 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. Finally, Ballentine Partners LLC grew its holdings in shares of Antero Resources by 7.1% during the 1st quarter. Ballentine Partners LLC now owns 6,282 shares of the oil and natural gas company's stock valued at $254,000 after acquiring an additional 419 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Stock Performance

Shares of NYSE:AR traded up $0.70 on Friday, hitting $33.54. 584,868 shares of the company were exchanged, compared to its average volume of 5,016,707. The company's 50 day moving average price is $33.22 and its two-hundred day moving average price is $36.23. Antero Resources Corporation has a one year low of $25.36 and a one year high of $44.01. 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 firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 21.36 and a beta of 0.63.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.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 firm posted ($0.21) EPS. The business's revenue for the quarter was up 32.6% compared to the same quarter last year. Research analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AR. UBS Group upgraded shares of Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price target on the stock in a report on Wednesday, August 20th. Bank of America raised their price target on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Morgan Stanley raised their price target on shares of Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Roth Capital downgraded shares of Antero Resources from a "buy" rating to a "neutral" rating and cut their price target for the company from $44.00 to $32.00 in a report on Monday, August 18th. Finally, Raymond James Financial raised their price target on shares of Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Antero Resources presently has a consensus rating of "Moderate Buy" and an average price target of $44.06.

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.