Antero Resources Corp (AR) : Atlantic Trust Group added new position in Antero Resources Corp during the most recent quarter end. The investment management firm now holds 10,167,013 shares of Antero Resources Corp which is valued at $259.3 Million , the company said in a statement filed on May 11, 2016 with the SEC.Antero Resources Corp makes up approximately 1.96% of Atlantic Trust Group’s portfolio.
Other Hedge Funds, Including , Blackrock Investment Management reduced its stake in AR by selling 2,440 shares or 2.65% in the most recent quarter. The Hedge Fund company now holds 89,799 shares of AR which is valued at $2.3 Million.Bronfman E.l. Rothschild boosted its stake in AR in the latest quarter, The investment management firm added 121 additional shares and now holds a total of 132 shares of Antero Resources Corp which is valued at $3,419. Tci Wealth Advisors added AR to its portfolio by purchasing 47 company shares during the most recent quarter which is valued at $1,330. Nisa Investment Advisors L.l.c. added AR to its portfolio by purchasing 35,700 company shares during the most recent quarter which is valued at $1 Million. Antero Resources Corp makes up approx 0.01% of Nisa Investment Advisors L.l.c.’s portfolio.
Antero Resources Corp opened for trading at $25.97 and hit $26.29 on the upside on Monday, eventually ending the session at $26.01, with a gain of 2.00% or 0.51 points. The heightened volatility saw the trading volume jump to 28,05,016 shares. Company has a market cap of $7,215 M.
On the company’s financial health, Antero Resources Corp reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.20. The company had revenue of $765.40 million for the quarter, compared to analysts expectations of $685.75 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on Antero Resources Corp. Company shares were Reiterated by Stifel on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $29 .Antero Resources Corp was Upgraded by JP Morgan to ” Neutral” on Apr 15, 2016. Antero Resources Corp was Upgraded by Tudor Pickering to ” Buy” on Apr 15, 2016.
Antero Resources Corporation is engaged in the exploitation development and acquisition of natural gas natural gas liquids (NGLs) and oil properties in the Appalachian Basin in West Virginia Ohio and Pennsylvania. The Company targets large repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to develop and produce natural gas NGLs and oil from unconventional formations. The Company has fresh water distribution operations in the Appalachian Basin as well as gathering and compression operations through its consolidated subsidiary Antero Midstream Partners LP. The Company operates in four industry segments: the exploration development and production of natural gas NGLs and oil; gathering and compression; fresh water distribution and marketing of excess firm transportation capacity. All of its operations are conducted in the United States.