Ameriprise Financial Inc. Purchases 721,767 Shares of Antero Resources Corporation $AR

Key Points

• Ameriprise Financial Inc. increased its holdings in Antero Resources Corporation (NYSE:AR) by 46.1%, acquiring an additional 721,767 shares, bringing its total to approximately 2.29 million shares valued at $92.56 million.
• Antero Resources reported $0.35 earnings per share in its latest quarterly results, missing analysts' expectations of $0.68 per share, while its revenue of $1.30 billion met expectations.
• Institutional investors and hedge funds now own 83.04% of Antero Resources' stock, indicating significant interest in the company from large financial entities.

Ameriprise Financial Inc. lifted its stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 46.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,288,812 shares of the oil and natural gas company's stock after purchasing an additional 721,767 shares during the quarter. Ameriprise Financial Inc. owned 0.74% of Antero Resources worth $92,563,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mascagni Wealth Management Inc. bought a new stake in shares of Antero Resources during the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Antero Resources during the 4th quarter valued at approximately $35,000. Bessemer Group Inc. grew its holdings 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 valued at $42,000 after purchasing an additional 411 shares during the last quarter. North Star Investment Management Corp. bought a new stake in shares of Antero Resources during the 1st quarter valued at approximately $44,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Antero Resources during the 1st quarter valued at approximately $56,000. 83.04% of the stock is owned by institutional investors.

Antero Resources Trading Down 0.7%

AR traded down $0.24 during trading on Friday, reaching $31.90. 3,039,761 shares of the company's stock were exchanged, compared to its average volume of 5,065,353. Antero Resources Corporation has a one year low of $24.53 and a one year high of $44.01. 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 stock has a market capitalization of $9.85 billion, a PE ratio of 20.32 and a beta of 0.64. The firm has a fifty day moving average price of $34.84 and a two-hundred day moving average price of $36.72.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS 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 the consensus estimate of $1.30 billion. During the same period in the prior year, the company posted ($0.21) earnings per share. The company's revenue for the quarter was up 32.6% compared to the same quarter last year. As a group, equities research analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on AR. Roth Capital lowered shares of Antero Resources from a "buy" rating to a "neutral" rating and decreased their price target for the company from $44.00 to $32.00 in a report on Monday, August 18th. Raymond James Financial lifted their price target on shares of Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 22nd. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. Bank of America lifted their price target on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Barclays boosted 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. One research 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's stock. According to MarketBeat, Antero Resources has a consensus rating of "Moderate Buy" and a consensus 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.