Antero Resources Corporation $AR Shares Bought by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd significantly increased its stake in Antero Resources Corporation by 317.9% in the first quarter, acquiring a total of 15,189 shares valued at approximately $614,000.
• Other institutional investors also raised their positions, with Assenagon Asset Management increasing by 133.1% and Invesco Ltd. by 44.3% during the same period, highlighting strong institutional interest in the company.
• Antero Resources reported earnings of $0.35 per share for the most recent quarter, missing the consensus estimate of $0.68, despite a 32.6% year-over-year revenue increase to $1.30 billion.

Bayforest Capital Ltd boosted its position in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 317.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,189 shares of the oil and natural gas company's stock after buying an additional 11,554 shares during the period. Bayforest Capital Ltd's holdings in Antero Resources were worth $614,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in Antero Resources during the first quarter valued at approximately $26,000. Mascagni Wealth Management Inc. purchased a new stake in Antero Resources during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new stake in Antero Resources during the fourth quarter valued at approximately $35,000. Bessemer Group Inc. raised its position in Antero Resources by 64.7% during the first 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 period. Finally, North Star Investment Management Corp. purchased a new stake in Antero Resources during the first quarter valued at approximately $44,000. 83.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AR shares. Roth Capital downgraded Antero Resources from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $44.00 to $32.00 in a research report on Monday, August 18th. Barclays increased their price target on Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. Raymond James Financial raised their price objective on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Finally, Morgan Stanley lifted 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $43.50.

Antero Resources Stock Performance

AR traded down $0.55 on Monday, reaching $32.52. 1,123,099 shares of the stock were exchanged, compared to its average volume of 5,007,616. The firm has a market capitalization of $10.05 billion, a PE ratio of 20.69 and a beta of 0.63. The company's 50-day moving average price is $33.13 and its 200 day moving average price is $36.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30. Antero Resources Corporation has a fifty-two week low of $25.36 and a fifty-two week high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned ($0.21) EPS. As a group, sell-side analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current fiscal 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.