Commerzbank Aktiengesellschaft FI Buys Shares of 57,880 Antero Resources Corp (AR)

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Commerzbank Aktiengesellschaft FI bought a new position in Antero Resources Corp (NYSE:AR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 57,880 shares of the oil and natural gas company’s stock, valued at approximately $1,236,000.

Several other institutional investors and hedge funds also recently modified their holdings of AR. Ladenburg Thalmann Financial Services Inc. increased its holdings in Antero Resources by 6.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 44,517 shares of the oil and natural gas company’s stock valued at $883,000 after purchasing an additional 2,795 shares in the last quarter. TCW Group Inc. increased its holdings in Antero Resources by 20.5% during the 2nd quarter. TCW Group Inc. now owns 19,822 shares of the oil and natural gas company’s stock valued at $423,000 after purchasing an additional 3,379 shares in the last quarter. Yorktown Management & Research Co Inc increased its holdings in Antero Resources by 13.2% during the 2nd quarter. Yorktown Management & Research Co Inc now owns 36,900 shares of the oil and natural gas company’s stock valued at $788,000 after purchasing an additional 4,300 shares in the last quarter. Linscomb & Williams Inc. increased its holdings in Antero Resources by 31.3% during the 2nd quarter. Linscomb & Williams Inc. now owns 19,873 shares of the oil and natural gas company’s stock valued at $424,000 after purchasing an additional 4,739 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in Antero Resources by 10.8% during the 2nd quarter. Amalgamated Bank now owns 49,578 shares of the oil and natural gas company’s stock valued at $1,058,000 after purchasing an additional 4,850 shares in the last quarter. 94.91% of the stock is owned by institutional investors and hedge funds.

In other Antero Resources news, insider K. Phil Yoo sold 2,500 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $18.59, for a total value of $46,475.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.40% of the stock is currently owned by company insiders.

Shares of AR opened at $17.18 on Friday. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 1.02 and a beta of 0.73. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. Antero Resources Corp has a 52 week low of $16.31 and a 52 week high of $22.69.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, August 1st. The oil and natural gas company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.17). The firm had revenue of $989.34 million during the quarter, compared to the consensus estimate of $950.78 million. Antero Resources had a net margin of 6.24% and a return on equity of 1.83%. The firm’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) earnings per share. analysts forecast that Antero Resources Corp will post 0.84 EPS for the current year.

A number of equities research analysts recently weighed in on AR shares. Zacks Investment Research raised Antero Resources from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Monday, July 23rd. ValuEngine raised Antero Resources from a “strong sell” rating to a “sell” rating in a report on Friday, June 1st. Jefferies Financial Group reaffirmed a “hold” rating and set a $22.00 price target on shares of Antero Resources in a report on Friday, July 20th. Morgan Stanley raised their price target on Antero Resources from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, May 24th. Finally, TD Securities started coverage on Antero Resources in a report on Thursday, July 5th. They set a “buy” rating and a $26.00 price target for the company. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. Antero Resources currently has a consensus rating of “Hold” and an average price target of $23.91.

Antero Resources Profile

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.

Further Reading: Stock Symbol

Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Corp (NYSE:AR).

Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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