Antero Resources Co. (NYSE:AR) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can grew its holdings in shares of Antero Resources Co. (NYSE:AR) by 16.6% during the second quarter, Holdings Channel reports. The firm owned 52,435 shares of the oil and natural gas company’s stock after acquiring an additional 7,455 shares during the quarter. Bank of Montreal Can’s holdings in Antero Resources were worth $1,759,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Diversified Trust Co bought a new position in Antero Resources during the 2nd quarter worth $1,154,000. MADDEN SECURITIES Corp increased its holdings in shares of Antero Resources by 38.5% in the 1st quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company’s stock worth $4,351,000 after acquiring an additional 41,725 shares during the period. CHURCHILL MANAGEMENT Corp bought a new stake in Antero Resources in the 1st quarter valued at about $1,544,000. GSA Capital Partners LLP acquired a new position in Antero Resources during the 1st quarter valued at about $1,022,000. Finally, Vaughan Nelson Investment Management L.P. grew its position in Antero Resources by 47.1% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,073,905 shares of the oil and natural gas company’s stock worth $31,144,000 after purchasing an additional 343,905 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup assumed coverage on Antero Resources in a research report on Tuesday, September 17th. They set a “neutral” rating and a $29.00 price objective for the company. Wells Fargo & Company lowered Antero Resources from an “overweight” rating to an “underweight” rating and reduced their price target for the stock from $34.00 to $25.00 in a research report on Tuesday. Jefferies Financial Group raised their price target on Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Morgan Stanley reduced their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Truist Financial decreased their target price on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.59.

Insider Transactions at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total value of $1,262,000.00. Following the completion of the sale, the insider now owns 248,363 shares in the company, valued at approximately $6,268,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is currently owned by insiders.

Antero Resources Price Performance

Shares of NYSE:AR opened at $29.99 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $9.32 billion, a PE ratio of 149.93 and a beta of 3.33. The stock has a fifty day moving average of $27.27 and a 200-day moving average of $30.30. Antero Resources Co. has a one year low of $20.10 and a one year high of $36.28.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). The company had revenue of $978.65 million during the quarter, compared to analyst estimates of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. As a group, equities analysts anticipate that Antero Resources Co. will post 0.02 EPS for the current fiscal 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.