Interval Partners LP Buys New Shares in Antero Resources Corporation $AR

Key Points

• Interval Partners LP acquired 61,551 shares of Antero Resources Corporation, valued at approximately $2.49 million, marking a new position in the company as reported in their recent SEC filing.
• Analyst ratings for Antero Resources show a mixed outlook, with price targets ranging from $32.00 to $49.00, and an average target price of $43.65.
• Antero Resources recently reported earnings of $0.35 EPS, missing estimates by $0.33, despite a year-over-year revenue increase of 32.6%.

Interval Partners LP purchased a new stake in Antero Resources Corporation (NYSE:AR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 61,551 shares of the oil and natural gas company's stock, valued at approximately $2,489,000.

Several other hedge funds also recently made changes to their positions in AR. Jacobs Levy Equity Management Inc. bought a new stake in Antero Resources during the first quarter worth about $856,000. Duquesne Family Office LLC bought a new position in Antero Resources during the 1st quarter valued at approximately $10,450,000. Corigliano Investment Advisers LLC bought a new position in Antero Resources during the 1st quarter valued at approximately $5,257,000. Boothbay Fund Management LLC grew its holdings in shares of Antero Resources by 16.3% during the 1st quarter. Boothbay Fund Management LLC now owns 336,543 shares of the oil and natural gas company's stock worth $13,610,000 after acquiring an additional 47,199 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Antero Resources by 96.2% during the 1st quarter. AQR Capital Management LLC now owns 1,269,904 shares of the oil and natural gas company's stock worth $51,355,000 after acquiring an additional 622,506 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Price Performance

NYSE:AR traded down $0.11 on Thursday, reaching $32.74. 985,907 shares of the company's stock traded hands, compared to its average volume of 5,032,402. Antero Resources Corporation has a 12 month low of $25.36 and a 12 month high of $44.01. The stock has a 50-day simple moving average of $33.30 and a 200-day simple moving average of $36.26. The firm has a market cap of $10.11 billion, a PE ratio of 20.86 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.

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% on a year-over-year basis. During the same quarter last year, the firm earned ($0.21) EPS. Equities research analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on AR shares. Raymond James Financial upped their price target on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 22nd. Scotiabank restated an "outperform" rating on shares of Antero Resources in a research note on Wednesday, August 13th. Wells Fargo & Company set a $39.00 price target on Antero Resources and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Roth Capital downgraded Antero Resources from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $44.00 to $32.00 in a research note on Monday, August 18th. Finally, UBS Group raised Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 target price on the stock in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Antero Resources presently has an average rating of "Moderate Buy" and an average target price of $44.06.

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.