Annandale Capital LLC Acquires 30,500 Shares of Antero Resources Corporation (NYSE:AR)

Key Points

• Annandale Capital LLC increased its holdings in Antero Resources Corporation by 33.9% during the first quarter, acquiring an additional 30,500 shares for a total value of $4,867,000.
• A number of institutional investors significantly raised their positions in Antero Resources, including Assenagon Asset Management, which boosted its holdings by 133.1%.
• Antero Resources recently reported a quarterly earnings per share of $0.35, missing analysts' expectations of $0.68, while its revenue was steady at $1.30 billion.

Annandale Capital LLC lifted its holdings in Antero Resources Corporation (NYSE:AR - Free Report) by 33.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,354 shares of the oil and natural gas company's stock after acquiring an additional 30,500 shares during the period. Antero Resources makes up 0.3% of Annandale Capital LLC's portfolio, making the stock its 29th biggest position. Annandale Capital LLC's holdings in Antero Resources were worth $4,867,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. AGF Management Ltd. boosted its stake in Antero Resources by 276.7% during the 1st quarter. AGF Management Ltd. now owns 460,151 shares of the oil and natural gas company's stock valued at $18,609,000 after acquiring an additional 337,997 shares during the last quarter. Independent Advisor Alliance raised its holdings in shares of Antero Resources by 4.4% during the first quarter. Independent Advisor Alliance now owns 44,985 shares of the oil and natural gas company's stock worth $1,819,000 after purchasing an additional 1,915 shares during the period. Nuveen LLC acquired a new stake in shares of Antero Resources in the 1st quarter worth about $24,339,000. Aigen Investment Management LP acquired a new stake in shares of Antero Resources in the 1st quarter worth about $2,189,000. Finally, Virtu Financial LLC acquired a new stake in shares of Antero Resources in the 1st quarter worth about $713,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Insider Transactions at Antero Resources

In other news, insider Yvette K. Schultz sold 25,200 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $39.86, for a total value of $1,004,472.00. Following the completion of the sale, the insider directly owned 306,819 shares of the company's stock, valued at $12,229,805.34. This represents a 7.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 6.30% of the company's stock.

Antero Resources Stock Performance

Antero Resources stock traded down $0.02 on Thursday, hitting $32.36. The company's stock had a trading volume of 3,805,597 shares, compared to its average volume of 5,064,998. The company has a fifty day moving average price of $36.89 and a 200-day moving average price of $37.25. 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 one year low of $24.53 and a one year high of $44.01. The firm has a market cap of $10.00 billion, a P/E ratio of 20.61 and a beta of 0.64.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly 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 company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%. The firm's quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.21) EPS. On average, equities analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. 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 report on Tuesday, July 15th. Barclays raised their target price on shares of Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. UBS Group lifted their target price on shares of Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Bank of America boosted their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $43.65.

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.