Antero Resources Corporation (NYSE:AR) Shares Bought by AGF Management Ltd.

Key Points

• AGF Management Ltd. increased its stake in Antero Resources Corporation by 276.7%, acquiring 337,997 additional shares in the first quarter, bringing its total ownership to 460,151 shares valued at approximately $18.6 million.
• Several institutional investors, including Treasurer of the State of North Carolina and Sterling Capital Management LLC, have also adjusted their stakes in Antero Resources, indicating strong interest from the institutional sector.
• Antero Resources reported earnings of $0.35 EPS for the last quarter, missing analysts' estimates, while its revenue increased by 32.6% year-over-year, totaling $1.30 billion.

AGF Management Ltd. boosted its holdings in Antero Resources Corporation (NYSE:AR - Free Report) by 276.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 460,151 shares of the oil and natural gas company's stock after purchasing an additional 337,997 shares during the quarter. AGF Management Ltd. owned about 0.15% of Antero Resources worth $18,609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AR. Mascagni Wealth Management Inc. acquired a new stake in Antero Resources during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Antero Resources during the 4th quarter worth approximately $35,000. Bessemer Group Inc. lifted 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 acquiring an additional 411 shares during the period. North Star Investment Management Corp. acquired a new stake in Antero Resources during the 1st quarter worth approximately $44,000. Finally, Sunbelt Securities Inc. acquired a new stake in Antero Resources during the 1st quarter worth approximately $56,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Barclays raised their price target on Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Scotiabank reissued an "outperform" rating on shares of Antero Resources in a report on Wednesday. Morgan Stanley raised their price target on Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Wells Fargo & Company set a $39.00 price target on Antero Resources and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Finally, Mizuho raised Antero Resources from a "neutral" rating to an "outperform" rating and raised their price target for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Antero Resources currently has a consensus rating of "Moderate Buy" and an average target price of $43.65.

Antero Resources Trading Down 0.9%

Shares of NYSE:AR traded down $0.28 during midday trading on Friday, reaching $32.06. The company's stock had a trading volume of 5,643,114 shares, compared to its average volume of 5,297,857. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 20.42 and a beta of 0.64. 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 Corporation has a 1 year low of $24.53 and a 1 year high of $44.01. The business has a 50 day moving average price of $36.67 and a 200 day moving average price of $37.19.

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. Research analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current year.

About Antero Resources

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.