Antero Resources Corporation $AR Shares Bought by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Antero Resources Corporation by 210.3%, owning 1,274,532 shares worth approximately $51.5 million as of the latest filing.
• Several institutional investors also made significant changes to their positions in Antero Resources, contributing to an overall institutional ownership rate of 83.04%.
• Antero Resources reported earnings of $0.35 per share for the last quarter, missing analysts' expectations, though its revenue rose 32.6% year-over-year.

Adage Capital Partners GP L.L.C. grew its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 210.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,274,532 shares of the oil and natural gas company's stock after purchasing an additional 863,836 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.41% of Antero Resources worth $51,542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of Antero Resources by 2.3% in the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company's stock worth $493,000 after acquiring an additional 319 shares during the period. World Investment Advisors grew its holdings in shares of Antero Resources by 5.0% in the 1st quarter. World Investment Advisors now owns 7,105 shares of the oil and natural gas company's stock worth $287,000 after acquiring an additional 341 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of Antero Resources by 2.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company's stock worth $503,000 after acquiring an additional 370 shares during the period. Bessemer Group Inc. grew its holdings in shares of 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 acquiring an additional 411 shares during the period. Finally, Ballentine Partners LLC grew its holdings in shares of Antero Resources by 7.1% in the 1st quarter. Ballentine Partners LLC now owns 6,282 shares of the oil and natural gas company's stock worth $254,000 after acquiring an additional 419 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company set a $39.00 price target on Antero Resources and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Roth Capital lowered Antero Resources from a "buy" rating to a "neutral" rating and reduced their target price for the company from $44.00 to $32.00 in a research note on Monday, August 18th. Barclays upped their target price on Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. 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 research note on Wednesday, August 20th. Finally, Mizuho raised Antero Resources from a "neutral" rating to an "outperform" rating and upped their target price for the company from $47.00 to $49.00 in a research note on Tuesday, May 13th. One 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 company has an average rating of "Moderate Buy" and a consensus target price of $43.65.

Antero Resources Trading Down 0.0%

Antero Resources stock traded down $0.02 during midday trading on Tuesday, reaching $32.10. The stock had a trading volume of 836,215 shares, compared to its average volume of 5,047,503. Antero Resources Corporation has a twelve month low of $24.53 and a twelve month high of $44.01. The stock has a market capitalization of $9.92 billion, a PE ratio of 20.44 and a beta of 0.63. 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 stock's 50-day simple moving average is $33.50 and its 200 day simple moving average is $36.31.

Antero Resources (NYSE:AR - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the business posted ($0.21) EPS. Antero Resources's revenue was up 32.6% compared to the same quarter last year. Analysts expect that Antero Resources Corporation will post 2.74 EPS for the current year.

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.