Antero Resources Corporation $AR Shares Purchased by PDT Partners LLC

Key Points

• PDT Partners LLC has increased its stake in Antero Resources Corporation by 18.6%, making it the 9th largest position in their investment portfolio, which includes 217,284 shares valued at approximately $8.79 million.
• Analysts are optimistic about Antero Resources, with a consensus rating of "Moderate Buy" and target prices ranging from $32.00 to $58.00.
• Antero Resources reported an earnings per share (EPS) of $0.35, missing the consensus estimate by $0.33, despite achieving a revenue of $1.30 billion during the most recent quarter.

PDT Partners LLC grew its position in Antero Resources Corporation (NYSE:AR - Free Report) by 18.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217,284 shares of the oil and natural gas company's stock after acquiring an additional 34,100 shares during the period. Antero Resources comprises approximately 0.6% of PDT Partners LLC's investment portfolio, making the stock its 9th biggest position. PDT Partners LLC owned approximately 0.07% of Antero Resources worth $8,787,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AR. SVB Wealth LLC acquired a new position in Antero Resources in the 1st quarter worth about $26,000. Mascagni Wealth Management Inc. acquired a new stake in Antero Resources in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Antero Resources in the fourth quarter valued at approximately $35,000. Bessemer Group Inc. raised its stake in shares of 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 buying an additional 411 shares during the period. Finally, North Star Investment Management Corp. purchased a new position in shares of Antero Resources during the 1st quarter valued at approximately $44,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Trading Up 2.1%

AR stock traded up $0.68 during trading on Thursday, reaching $32.47. 4,894,714 shares of the stock were exchanged, compared to its average volume of 5,051,950. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 20.68 and a beta of 0.63. The business has a 50 day moving average price of $34.00 and a 200-day moving average price of $36.50. Antero Resources Corporation has a 1 year low of $24.53 and a 1 year high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.33). The firm had revenue of $1.30 billion during 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 business's quarterly revenue was up 32.6% on a year-over-year basis. During the same period last year, the company earned ($0.21) EPS. On average, research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on AR. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. Raymond James Financial lifted their target price on shares of Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 22nd. Roth Capital lowered shares of Antero Resources from a "buy" rating to a "neutral" rating and dropped their target price for the company from $44.00 to $32.00 in a research report on Monday, August 18th. Morgan Stanley lifted their target price on shares of Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Wells Fargo & Company set a $39.00 target price on shares of Antero Resources and gave the company an "equal weight" rating in a research report 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.65.

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.