Jacobs Levy Equity Management Inc. Takes Position in Antero Resources Corporation $AR

Key Points

• Jacobs Levy Equity Management Inc. initiated a position in Antero Resources by acquiring 21,178 shares valued at approximately $856,000 during the first quarter.
• Analysts have raised their price targets for Antero Resources, with estimates reaching as high as $58.00 from Raymond James, indicating a strong-buy rating.
• Antero Resources reported a quarterly net margin of 10.13% and a return on equity of 6.48%, with earnings per share missing consensus estimates by $0.33.

Jacobs Levy Equity Management Inc. bought a new stake in Antero Resources Corporation (NYSE:AR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 21,178 shares of the oil and natural gas company's stock, valued at approximately $856,000.

Several other hedge funds have also modified their holdings of AR. Bank of America Corp DE lifted its holdings in shares of Antero Resources by 145.1% in the 4th quarter. Bank of America Corp DE now owns 386,725 shares of the oil and natural gas company's stock valued at $13,555,000 after buying an additional 1,245,101 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Antero Resources by 3.4% in the 4th quarter. Captrust Financial Advisors now owns 21,008 shares of the oil and natural gas company's stock valued at $736,000 after buying an additional 681 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Antero Resources by 2.3% in the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company's stock valued at $493,000 after buying an additional 319 shares during the period. Deutsche Bank AG lifted its holdings in shares of Antero Resources by 3.2% in the 4th quarter. Deutsche Bank AG now owns 288,290 shares of the oil and natural gas company's stock valued at $10,105,000 after buying an additional 8,948 shares during the period. Finally, Focus Partners Wealth lifted its holdings in shares of Antero Resources by 8.4% in the 4th quarter. Focus Partners Wealth now owns 16,752 shares of the oil and natural gas company's stock valued at $587,000 after buying an additional 1,291 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Trading Down 1.1%

Shares of AR stock traded down $0.36 on Thursday, hitting $31.90. The stock had a trading volume of 4,491,707 shares, compared to its average volume of 4,136,207. Antero Resources Corporation has a twelve month low of $25.36 and a twelve month high of $44.01. The firm has a market cap of $9.85 billion, a P/E ratio of 20.32 and a beta of 0.63. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $32.82 and a two-hundred day moving average price of $36.09.

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

Analyst Ratings Changes

Several brokerages recently issued reports on AR. Wells Fargo & Company set a $39.00 price objective on Antero Resources and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Bank of America lifted their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Raymond James Financial lifted their price objective on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Morgan Stanley lifted their price objective on Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, Mizuho reduced their price objective on Antero Resources from $49.00 to $41.00 and set an "outperform" rating for the company in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.50.

Antero Resources Profile

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.