36,723 Shares in Antero Resources Corporation $AR Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP purchased a new position in Antero Resources, acquiring 36,723 shares valued at approximately $1.485 million during the first quarter.
• Antero Resources reported $0.35 earnings per share for the last quarter, missing analysts' consensus estimates of $0.68, while quarter revenue was up 32.6% year-over-year.
• Several analysts have raised their price targets for Antero Resources, with Morgan Stanley increasing their target from $46.00 to $47.00 and Raymond James adjusting theirs from $57.00 to $58.00.

Caxton Associates LLP acquired a new stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 36,723 shares of the oil and natural gas company's stock, valued at approximately $1,485,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Beacon Harbor Wealth Advisors Inc. acquired a new stake in Antero Resources during the 1st quarter worth approximately $6,761,000. CWM LLC increased its position in Antero Resources by 109.6% during the 1st quarter. CWM LLC now owns 32,725 shares of the oil and natural gas company's stock worth $1,323,000 after purchasing an additional 17,113 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Antero Resources by 14.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,670 shares of the oil and natural gas company's stock worth $472,000 after purchasing an additional 1,461 shares in the last quarter. Bessemer Group Inc. increased its position in 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 worth $42,000 after purchasing an additional 411 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Antero Resources during the 1st quarter worth approximately $538,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Stock Down 1.5%

Shares of Antero Resources stock traded down $0.48 on Monday, hitting $32.59. 917,008 shares of the company's stock traded hands, compared to its average volume of 5,006,348. The stock has a market cap of $10.07 billion, a P/E ratio of 20.75 and a beta of 0.63. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The firm's 50-day moving average is $33.13 and its 200 day moving average is $36.20. Antero Resources Corporation has a 52-week low of $25.36 and a 52-week high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last released its earnings results 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 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 business's quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.21) earnings per share. Equities analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Bank of America increased their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Wells Fargo & Company set a $39.00 price objective on shares of Antero Resources and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Roth Capital downgraded shares of Antero Resources from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $44.00 to $32.00 in a research report on Monday, August 18th. Barclays increased their price objective on shares of Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Finally, Morgan Stanley increased their price objective on shares of Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.00.

Antero Resources Company 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.