Gordian Capital Singapore Pte Ltd Takes Position in Antero Resources Corporation $AR

Key Points

• Gordian Capital Singapore Pte Ltd purchased 34,000 shares of Antero Resources Corporation, valued at approximately $1.375 million, marking it as the company's 28th largest holding.
• Several institutional investors, including Stifel Financial and Price T Rowe Associates, have increased their stakes in Antero Resources in recent months, contributing to a total institutional ownership of 83.04%.
• Analysts have mixed ratings on Antero Resources, with Mizuho upgrading it to "outperform" and setting a price target of $49.00, while Roth Capital downgraded it to "neutral" with a target of $32.00.

Gordian Capital Singapore Pte Ltd acquired a new position in Antero Resources Corporation (NYSE:AR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 34,000 shares of the oil and natural gas company's stock, valued at approximately $1,375,000. Antero Resources accounts for about 0.9% of Gordian Capital Singapore Pte Ltd's portfolio, making the stock its 28th biggest position.

Several other institutional investors have also bought and sold shares of AR. SVB Wealth LLC bought a new stake in shares of Antero Resources in the first quarter valued at approximately $26,000. Mascagni Wealth Management Inc. purchased a new position in shares of Antero Resources in the 4th quarter worth $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Antero Resources in the 4th quarter worth $35,000. Bessemer Group Inc. boosted its holdings in shares of Antero Resources by 64.7% during the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock valued at $42,000 after purchasing an additional 411 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new position in shares of Antero Resources in the 1st quarter valued at about $44,000. Institutional investors own 83.04% of the company's stock.

Wall Street Analyst Weigh In

AR has been the subject of several recent analyst reports. UBS Group upgraded shares of Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 target price for the company in a research note on Wednesday, August 20th. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. Barclays increased their price target on shares of Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Bank of America upped their target price on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Raymond James Financial boosted their price objective on shares of Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.65.

Antero Resources Stock Performance

Shares of NYSE:AR traded up $0.54 on Tuesday, hitting $32.46. 3,880,304 shares of the company were exchanged, compared to its average volume of 5,050,036. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The company's 50 day moving average price is $34.39 and its two-hundred day moving average price is $36.57. Antero Resources Corporation has a one year low of $24.53 and a one year high of $44.01. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 20.67 and a beta of 0.64.

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