Vontobel Holding Ltd. Sells 3,128 Shares of Antero Resources Corporation $AR

Vontobel Holding Ltd. decreased its stake in shares of Antero Resources Corporation (NYSE:AR) by 15.3% during the second quarter, HoldingsChannel reports. The firm owned 17,331 shares of the oil and natural gas company’s stock after selling 3,128 shares during the quarter. Vontobel Holding Ltd.’s holdings in Antero Resources were worth $698,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. SVB Wealth LLC bought a new stake in shares of Antero Resources during the first quarter valued at approximately $26,000. Bessemer Group Inc. boosted its stake in Antero Resources by 64.7% during the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock worth $42,000 after acquiring an additional 411 shares in the last quarter. North Star Investment Management Corp. bought a new stake in Antero Resources during the first quarter worth about $44,000. Sunbelt Securities Inc. bought a new stake in Antero Resources during the first quarter worth about $56,000. Finally, Fifth Third Bancorp boosted its position in shares of Antero Resources by 17.2% in the 1st quarter. Fifth Third Bancorp now owns 3,008 shares of the oil and natural gas company’s stock worth $122,000 after purchasing an additional 442 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Up 2.6%

Shares of Antero Resources stock opened at $32.41 on Tuesday. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 20.65 and a beta of 0.56. The company’s 50 day moving average is $32.49 and its 200 day moving average is $35.49. Antero Resources Corporation has a twelve month low of $25.36 and a twelve month high of $44.01. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15.

Antero Resources (NYSE:AR) last issued its quarterly earnings data 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 company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.21) EPS. Research analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company set a $39.00 price target on Antero Resources and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. Raymond James Financial boosted their target price on Antero Resources from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Antero Resources in a report on Wednesday, October 8th. Barclays dropped their price target on shares of Antero Resources from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. Finally, Jefferies Financial Group dropped their price target on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.31.

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.