1832 Asset Management L.P. Lowers Holdings in Antero Resources Corporation $AR

Key Points

• 1832 Asset Management L.P. reduced its stake in Antero Resources by 15.4%, selling 415,793 shares and holding a total of 2,275,852 shares valued at $92,035,000.
• Multiple large investors increased their positions in Antero Resources, with Ameriprise Financial Inc. boosting its holdings by 46.1% during the first quarter.
• Antero Resources reported quarterly earnings of $0.35 per share, missing analysts' expectations of $0.68, but showing a 32.6% increase in revenue year-over-year.

1832 Asset Management L.P. reduced its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 15.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,275,852 shares of the oil and natural gas company's stock after selling 415,793 shares during the quarter. 1832 Asset Management L.P. owned 0.73% of Antero Resources worth $92,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ameriprise Financial Inc. lifted its holdings in shares of Antero Resources by 46.1% during the first quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company's stock valued at $92,563,000 after purchasing an additional 721,767 shares in the last quarter. Summit Financial LLC raised its stake in shares of Antero Resources by 3.7% in the first quarter. Summit Financial LLC now owns 15,551 shares of the oil and natural gas company's stock worth $629,000 after buying an additional 548 shares during the period. Banco BTG Pactual S.A. raised its stake in shares of Antero Resources by 50.0% in the first quarter. Banco BTG Pactual S.A. now owns 9,600 shares of the oil and natural gas company's stock worth $388,000 after buying an additional 3,200 shares during the period. Hsbc Holdings PLC raised its stake in shares of Antero Resources by 275.3% in the first quarter. Hsbc Holdings PLC now owns 83,337 shares of the oil and natural gas company's stock worth $3,395,000 after buying an additional 61,133 shares during the period. Finally, HITE Hedge Asset Management LLC raised its stake in shares of Antero Resources by 25.3% in the first quarter. HITE Hedge Asset Management LLC now owns 1,281,308 shares of the oil and natural gas company's stock worth $51,816,000 after buying an additional 259,067 shares during the period. 83.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AR. Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a research report on Wednesday, August 13th. Roth Capital cut Antero Resources from a "buy" rating to a "neutral" rating and cut their target price for the stock from $44.00 to $32.00 in a research report on Monday, August 18th. Bank of America increased their target price on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Morgan Stanley raised their price target on Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Raymond James Financial raised their price target on Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.65.

Antero Resources Trading Up 0.7%

Shares of Antero Resources stock traded up $0.20 on Wednesday, reaching $31.33. The company had a trading volume of 4,712,286 shares, compared to its average volume of 5,076,405. The firm has a market cap of $9.68 billion, a price-to-earnings ratio of 19.96 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30. The firm's 50-day moving average price is $35.29 and its two-hundred day moving average price is $36.81. Antero Resources Corporation has a 1 year low of $24.53 and a 1 year high of $44.01.

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

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.