Loomis Sayles & Co. L P Acquires 117,346 Shares of Antero Resources Corporation $AR

Loomis Sayles & Co. L P boosted its holdings in Antero Resources Corporation (NYSE:AR) by 15.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 890,580 shares of the oil and natural gas company’s stock after acquiring an additional 117,346 shares during the period. Loomis Sayles & Co. L P’s holdings in Antero Resources were worth $35,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AR. SVB Wealth LLC acquired a new stake in shares of Antero Resources in the first quarter valued at approximately $26,000. Huntington National Bank increased its stake in Antero Resources by 91.3% during the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after acquiring an additional 313 shares during the period. FNY Investment Advisers LLC raised its holdings in Antero Resources by 9,900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after acquiring an additional 1,485 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Antero Resources during the 2nd quarter valued at $162,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Antero Resources by 10.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,054 shares of the oil and natural gas company’s stock valued at $164,000 after acquiring an additional 371 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Up 3.7%

Shares of NYSE AR opened at $36.43 on Friday. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 19.38 and a beta of 0.62. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $44.01. The stock has a 50-day moving average price of $33.28 and a two-hundred day moving average price of $34.92.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.38). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.25 billion. Antero Resources had a net margin of 11.73% and a return on equity of 7.55%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.07) earnings per share. As a group, analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Antero Resources

In related news, insider Brendan E. Krueger bought 5,000 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $33.35 per share, with a total value of $166,750.00. Following the completion of the purchase, the insider owned 295,917 shares in the company, valued at $9,868,831.95. This represents a 1.72% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on AR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Antero Resources in a research note on Tuesday. Scotiabank reissued an “outperform” rating on shares of Antero Resources in a report on Wednesday, August 13th. Roth Capital cut shares of Antero Resources from a “buy” rating to a “neutral” rating and dropped their target price for the company from $44.00 to $32.00 in a research report on Monday, August 18th. JPMorgan Chase & Co. cut their price target on shares of Antero Resources from $49.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Finally, Zacks Research upgraded shares of Antero Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.00.

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.