Warburg Pincus LLC Continues to Hold Holdings in Antero Resources Corporation (AR)

Warburg Pincus LLC maintained its stake in shares of Antero Resources Corporation (NYSE:AR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,712,287 shares of the oil and natural gas company’s stock at the end of the second quarter. Antero Resources Corporation accounts for about 19.2% of Warburg Pincus LLC’s portfolio, making the stock its largest holding. Warburg Pincus LLC owned about 18.01% of Antero Resources Corporation worth $1,225,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Antero Resources Corporation by 268.2% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the oil and natural gas company’s stock valued at $185,000 after purchasing an additional 5,900 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Antero Resources Corporation in the 1st quarter valued at approximately $204,000. Sei Investments Co. raised its position in shares of Antero Resources Corporation by 174.6% in the 1st quarter. Sei Investments Co. now owns 9,209 shares of the oil and natural gas company’s stock valued at $210,000 after purchasing an additional 5,855 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Antero Resources Corporation in the 1st quarter valued at approximately $212,000. Finally, TD Asset Management Inc. raised its position in shares of Antero Resources Corporation by 4.4% in the 1st quarter. TD Asset Management Inc. now owns 9,411 shares of the oil and natural gas company’s stock valued at $215,000 after purchasing an additional 400 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Antero Resources Corporation (NYSE AR) traded up 0.8210% during midday trading on Tuesday, hitting $20.3356. 798,483 shares of the stock were exchanged. The firm has a 50 day moving average of $19.47 and a 200-day moving average of $21.22. Antero Resources Corporation has a one year low of $18.23 and a one year high of $28.30. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 472.9209 and a beta of 0.95.

Antero Resources Corporation (NYSE:AR) last released its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The company had revenue of $736.00 million for the quarter, compared to analysts’ expectations of $778.55 million. During the same quarter last year, the company earned $0.14 EPS. Antero Resources Corporation’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts expect that Antero Resources Corporation will post $0.30 EPS for the current year.

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In other news, insider K. Phil Yoo sold 3,785 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total transaction of $77,781.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.20% of the stock is owned by corporate insiders.

AR has been the subject of several research analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Antero Resources Corporation in a research report on Thursday, June 22nd. Citigroup Inc. decreased their price objective on shares of Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Zacks Investment Research raised shares of Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, July 21st. Scotiabank set a $27.00 price objective on shares of Antero Resources Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. Finally, KeyCorp reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Antero Resources Corporation in a research report on Sunday, September 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $29.42.

About Antero Resources Corporation

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

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

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