Eqis Capital Management Inc. Takes Position in Antero Resources Corp (NYSE:AR)

Eqis Capital Management Inc. acquired a new stake in Antero Resources Corp (NYSE:AR) during the 3rd quarter, Holdings Channel reports. The firm acquired 16,236 shares of the oil and natural gas company’s stock, valued at approximately $49,000.

Other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in shares of Antero Resources by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the oil and natural gas company’s stock valued at $35,000 after acquiring an additional 3,200 shares in the last quarter. BB&T Securities LLC purchased a new position in shares of Antero Resources in the third quarter valued at about $30,000. First Republic Investment Management Inc. purchased a new position in shares of Antero Resources in the second quarter valued at about $58,000. Wetherby Asset Management Inc. purchased a new position in shares of Antero Resources in the second quarter valued at about $60,000. Finally, US Bancorp DE lifted its position in shares of Antero Resources by 180.7% in the second quarter. US Bancorp DE now owns 11,810 shares of the oil and natural gas company’s stock valued at $65,000 after acquiring an additional 7,603 shares in the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.

Shares of AR stock opened at $2.03 on Tuesday. Antero Resources Corp has a 12-month low of $1.97 and a 12-month high of $14.34. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.88. The stock’s 50-day moving average price is $2.67 and its 200-day moving average price is $4.52. The stock has a market capitalization of $684.61 million, a price-to-earnings ratio of 28.13 and a beta of 0.77.

Antero Resources (NYSE:AR) last issued its earnings results on Tuesday, October 29th. The oil and natural gas company reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.19). Antero Resources had a positive return on equity of 0.32% and a negative net margin of 20.96%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $988.92 million. During the same period last year, the firm posted $0.07 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts predict that Antero Resources Corp will post -0.39 EPS for the current fiscal year.

Several brokerages have recently commented on AR. Goldman Sachs Group downgraded Antero Resources from a “buy” rating to a “neutral” rating in a research report on Friday, September 6th. Cfra cut Antero Resources from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. initiated coverage on Antero Resources in a report on Thursday, October 3rd. They issued an “underweight” rating on the stock. Morgan Stanley cut Antero Resources from an “equal” rating to a “weight” rating and reduced their target price for the stock from $3.25 to $1.50 in a report on Friday, October 4th. Finally, TD Securities reduced their target price on Antero Resources from $9.00 to $7.50 and set a “buy” rating on the stock in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. Antero Resources currently has a consensus rating of “Hold” and an average target price of $8.88.

Antero Resources Profile

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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

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