342,252 Shares in Antero Resources Corporation $AR Bought by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC acquired 342,252 shares of Antero Resources Corporation, valued at approximately $12.9 million, marking a new position for the firm in the second quarter.
• Antero Resources reported $0.35 earnings per share for the last quarter, missing the consensus estimate of $0.68, despite achieving a revenue of $1.30 billion.
• Several analysts upgraded or downgraded Antero Resources, with Citigroup increasing its rating to "buy" and raising the target price from $37.00 to $39.00, while Zacks downgraded it to a "strong sell".

Allspring Global Investments Holdings LLC bought a new position in Antero Resources Corporation (NYSE:AR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 342,252 shares of the oil and natural gas company's stock, valued at approximately $12,889,000. Allspring Global Investments Holdings LLC owned 0.11% of Antero Resources as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. SVB Wealth LLC bought a new position in Antero Resources in the 1st quarter worth $26,000. Bessemer Group Inc. boosted its holdings in Antero Resources by 64.7% in the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock worth $42,000 after buying an additional 411 shares during the period. Sunbelt Securities Inc. bought a new position in Antero Resources in the 1st quarter worth $56,000. Fifth Third Bancorp boosted its holdings in Antero Resources by 17.2% in the 1st quarter. Fifth Third Bancorp now owns 3,008 shares of the oil and natural gas company's stock worth $122,000 after buying an additional 442 shares during the period. Finally, Morse Asset Management Inc bought a new position in Antero Resources in the 1st quarter worth $142,000. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Down 0.1%

Shares of NYSE AR opened at $30.75 on Friday. The firm's 50-day moving average price is $32.36 and its 200-day moving average price is $35.30. 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 stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 19.59 and a beta of 0.56. Antero Resources Corporation has a 12-month low of $25.36 and a 12-month high of $44.01.

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

Analyst Ratings Changes

AR has been the subject of several recent analyst reports. Citigroup raised shares of Antero Resources from a "neutral" rating to a "buy" rating and upped their target price for the stock from $37.00 to $39.00 in a report on Tuesday, September 23rd. Zacks Research downgraded shares of Antero Resources from a "hold" rating to a "strong sell" rating in a report on Monday, October 13th. UBS Group dropped their price objective on shares of Antero Resources from $43.00 to $42.00 and set a "buy" rating for the company in a report on Monday, September 15th. Morgan Stanley dropped their price objective on shares of Antero Resources from $47.00 to $44.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Raymond James Financial increased their price objective on shares of 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, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Antero Resources has an average rating of "Moderate Buy" and an average target price of $44.13.

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.

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