Antero Resources Corporation $AR Shares Purchased 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 raised its position in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 317.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,189 shares of the oil and natural gas company's stock after buying an additional 11,554 shares during the quarter. Bayforest Capital Ltd's holdings in Antero Resources were worth $614,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of Antero Resources by 133.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company's stock worth $151,406,000 after purchasing an additional 2,137,538 shares during the period. Invesco Ltd. raised its holdings in Antero Resources by 44.3% during the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company's stock valued at $179,567,000 after buying an additional 1,362,370 shares in the last quarter. Bank of America Corp DE raised its holdings in Antero Resources by 145.1% during the fourth quarter. Bank of America Corp DE now owns 386,725 shares of the oil and natural gas company's stock valued at $13,555,000 after buying an additional 1,245,101 shares in the last quarter. Stephens Investment Management Group LLC acquired a new stake in Antero Resources during the first quarter worth about $48,314,000. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in Antero Resources by 210.3% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,274,532 shares of the oil and natural gas company's stock valued at $51,542,000 after purchasing an additional 863,836 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $32.13 on Wednesday. The firm has a fifty day moving average of $33.39 and a two-hundred day moving average of $36.28. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 20.46 and a beta of 0.63. Antero Resources Corporation has a 52 week low of $24.53 and a 52 week high of $44.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30.

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 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm posted ($0.21) EPS. The business's revenue was up 32.6% on a year-over-year basis. As a group, equities research analysts predict that Antero Resources Corporation will post 2.74 EPS for the current year.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of recent research reports. Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. Roth Capital downgraded Antero Resources from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $44.00 to $32.00 in a report on Monday, August 18th. Bank of America boosted their target price on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Mizuho raised Antero Resources from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. Finally, UBS Group raised Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 target price on the stock in a report on Wednesday, August 20th. One equities 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. According to data from MarketBeat, the company has an average 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.

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