36,723 Shares in Antero Resources Corporation $AR Acquired 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 bought a new position in Antero Resources Corporation (NYSE:AR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 36,723 shares of the oil and natural gas company's stock, valued at approximately $1,485,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new stake in Antero Resources in the first quarter worth approximately $26,000. Mascagni Wealth Management Inc. purchased a new stake in Antero Resources in the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new stake in Antero Resources in the fourth quarter worth approximately $35,000. Bessemer Group Inc. boosted its holdings in Antero Resources by 64.7% in the first 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 during the last quarter. Finally, North Star Investment Management Corp. purchased a new stake in Antero Resources in the first quarter worth approximately $44,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Trading Up 0.1%

Shares of Antero Resources stock opened at $32.13 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30. Antero Resources Corporation has a 1-year low of $24.53 and a 1-year high of $44.01. The company's fifty day simple moving average is $33.39 and its 200-day simple moving average is $36.28. The stock has a market capitalization of $9.93 billion, a PE ratio of 20.46 and a beta of 0.63.

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 earnings per share 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 for the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter last year, the firm posted ($0.21) EPS. The firm's quarterly revenue was up 32.6% compared to the same quarter last year. As a group, equities analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Raymond James Financial raised their target price on shares of Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. UBS Group upgraded shares of Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price target on the stock in a research note on Wednesday, August 20th. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company set a $39.00 price target on shares of Antero Resources and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Antero Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.65.

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.

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