FNY Investment Advisers LLC Buys 1,485 Shares of Antero Resources Corporation $AR

FNY Investment Advisers LLC increased its stake in shares of Antero Resources Corporation (NYSE:AR) by 9,900.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,500 shares of the oil and natural gas company’s stock after purchasing an additional 1,485 shares during the quarter. FNY Investment Advisers LLC’s holdings in Antero Resources were worth $60,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. World Investment Advisors increased its position in shares of Antero Resources by 5.0% during the 1st quarter. World Investment Advisors now owns 7,105 shares of the oil and natural gas company’s stock valued at $287,000 after purchasing an additional 341 shares during the last quarter. Geneos Wealth Management Inc. increased 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 purchasing an additional 371 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Antero Resources by 64.7% during the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock valued at $42,000 after purchasing an additional 411 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Antero Resources by 7.1% during the 1st quarter. Ballentine Partners LLC now owns 6,282 shares of the oil and natural gas company’s stock valued at $254,000 after purchasing an additional 419 shares during the last quarter. Finally, Compound Planning Inc. increased its position in shares of Antero Resources by 5.0% during the 1st quarter. Compound Planning Inc. now owns 9,722 shares of the oil and natural gas company’s stock valued at $393,000 after purchasing an additional 461 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Up 2.3%

Shares of NYSE:AR opened at $32.83 on Friday. The business’s 50-day moving average is $32.35 and its 200 day moving average is $35.17. Antero Resources Corporation has a 1 year low of $25.36 and a 1 year high of $44.01. The firm has a market capitalization of $10.14 billion, a P/E ratio of 20.91 and a beta of 0.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company earned ($0.21) earnings per share. The company’s quarterly revenue was up 32.6% on a year-over-year basis. On average, research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AR has been the topic of several analyst reports. Morgan Stanley cut their target price on Antero Resources from $47.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 14th. Wells Fargo & Company raised Antero Resources to a “hold” rating in a research report on Thursday, October 16th. Roth Capital downgraded Antero Resources from a “buy” rating to a “neutral” rating and cut their price objective for the company from $44.00 to $32.00 in a research report on Monday, August 18th. Citigroup raised Antero Resources from a “neutral” rating to a “buy” rating and upped their price objective for the company from $37.00 to $39.00 in a research report on Tuesday, September 23rd. Finally, Barclays cut their price objective on Antero Resources from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.13.

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.