T. Rowe Price Investment Management Inc. Has $55.50 Million Stock Holdings in Antero Resources Corporation $AR

Key Points

• T. Rowe Price Investment Management Inc. has reduced its stake in Antero Resources by 56.4%, holding approximately 1.37 million shares valued at $55.50 million as of the latest SEC filing.
• Other institutional investors have interacted with Antero Resources as well, with significant transactions including new stakes from multiple firms, resulting in 83.04% of the stock currently being held by institutional investors.
• Analyst ratings for Antero Resources vary, with a consensus rating of "Moderate Buy" and an average price target of $43.00, reflecting a mix of upgrades and downgrades.

T. Rowe Price Investment Management Inc. decreased its stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 56.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,372,289 shares of the oil and natural gas company's stock after selling 1,773,242 shares during the period. T. Rowe Price Investment Management Inc. owned 0.44% of Antero Resources worth $55,496,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Hsbc Holdings PLC boosted its holdings in shares of Antero Resources by 275.3% during the 1st quarter. Hsbc Holdings PLC now owns 83,337 shares of the oil and natural gas company's stock worth $3,395,000 after buying an additional 61,133 shares during the period. HITE Hedge Asset Management LLC boosted its holdings in Antero Resources by 25.3% in the 1st quarter. HITE Hedge Asset Management LLC now owns 1,281,308 shares of the oil and natural gas company's stock valued at $51,816,000 after purchasing an additional 259,067 shares during the period. Quantbot Technologies LP bought a new stake in Antero Resources in the 1st quarter valued at about $4,772,000. Watts Gwilliam & Co. LLC bought a new stake in Antero Resources in the 1st quarter valued at about $4,451,000. Finally, Algert Global LLC boosted its holdings in Antero Resources by 42.5% in the 1st quarter. Algert Global LLC now owns 321,128 shares of the oil and natural gas company's stock valued at $12,986,000 after purchasing an additional 95,696 shares during the period. Institutional investors own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of recent research reports. Bank of America boosted their price objective 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. Wells Fargo & Company set a $39.00 price objective on shares of Antero Resources and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Barclays boosted their price objective on shares of Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. UBS Group raised shares of Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price objective for the company in a report on Wednesday, August 20th. Finally, Roth Capital downgraded shares of Antero Resources from a "buy" rating to a "neutral" rating and cut their price target for the stock from $44.00 to $32.00 in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.65.

Antero Resources Price Performance

Shares of Antero Resources stock traded up $0.18 on Wednesday, reaching $31.31. 3,233,770 shares of the stock were exchanged, compared to its average volume of 5,072,102. The firm's 50 day moving average is $35.29 and its 200-day moving average is $36.81. Antero Resources Corporation has a one year low of $24.53 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 cap of $9.67 billion, a PE ratio of 19.94 and a beta of 0.64.

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 analysts' consensus estimates of $0.68 by ($0.33). The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The business's revenue was up 32.6% on a year-over-year basis. During the same period last year, the company posted ($0.21) EPS. As a group, analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Antero Resources 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.