Louisiana State Employees Retirement System Trims Position in Antero Resources Co. (NYSE:AR)

Louisiana State Employees Retirement System cut its holdings in shares of Antero Resources Co. (NYSE:AR) by 1.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 81,000 shares of the oil and natural gas company’s stock after selling 1,600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Antero Resources were worth $2,321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Diversified Trust Co acquired a new stake in shares of Antero Resources during the 2nd quarter worth approximately $1,154,000. GSA Capital Partners LLP acquired a new stake in shares of Antero Resources during the 1st quarter worth approximately $1,022,000. Vaughan Nelson Investment Management L.P. grew its stake in shares of Antero Resources by 47.1% during 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 period. Hood River Capital Management LLC grew its stake in shares of Antero Resources by 81.5% during the 1st quarter. Hood River Capital Management LLC now owns 117,658 shares of the oil and natural gas company’s stock worth $3,412,000 after purchasing an additional 52,843 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Antero Resources by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock worth $813,932,000 after purchasing an additional 372,450 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AR shares. Truist Financial dropped their price objective on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Bank of America initiated coverage on shares of Antero Resources in a research note on Monday. They issued a “buy” rating and a $36.00 price target on the stock. Barclays dropped their price target on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Wells Fargo & Company dropped their price target on shares of Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a research note on Friday, October 18th. Finally, Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $40.00 to $44.00 in a research note on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.94.

Antero Resources Stock Down 1.2 %

NYSE AR opened at $27.40 on Tuesday. Antero Resources Co. has a 52 week low of $20.10 and a 52 week high of $36.28. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $27.44 and its 200-day simple moving average is $30.27. The firm has a market cap of $8.52 billion, a PE ratio of 137.00 and a beta of 3.33.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The company had revenue of $978.65 million during the quarter, compared to analysts’ expectations 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 -0.21 earnings per share for the current year.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 248,363 shares in the company, valued at approximately $6,268,682.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.70% of the stock is owned by insiders.

About Antero Resources

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.