Long Focus Capital Management LLC Has $42.99 Million Position in Antero Resources Corporation $AR

Key Points

• Long Focus Capital Management LLC reduced its stake in Antero Resources Corporation by 21.4%, now holding approximately 1.063 million shares.
• Various institutional investors have made changes to their positions in Antero Resources, with 83.04% of the company's stock now owned by such entities.
• Analyst ratings for Antero Resources vary, with one strong buy, nine buy, and seven hold ratings, reflecting a Moderate Buy average rating and a target price of $43.65.

Long Focus Capital Management LLC trimmed its holdings in Antero Resources Corporation (NYSE:AR - Free Report) by 21.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,063,000 shares of the oil and natural gas company's stock after selling 290,000 shares during the quarter. Antero Resources accounts for 1.4% of Long Focus Capital Management LLC's portfolio, making the stock its 15th largest holding. Long Focus Capital Management LLC owned approximately 0.34% of Antero Resources worth $42,988,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. SVB Wealth LLC bought a new position in Antero Resources in the first quarter worth $26,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Antero Resources in the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new position in Antero Resources in the fourth quarter valued at about $35,000. Bessemer Group Inc. boosted its holdings in Antero Resources by 64.7% in 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 acquiring an additional 411 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new position in Antero Resources in the first quarter valued at about $44,000. 83.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

AR has been the topic of a number of recent analyst reports. UBS Group upgraded 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. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Bank of America raised 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. Raymond James Financial raised their target price 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 raised their target price on Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.65.

Antero Resources Stock Up 1.7%

NYSE AR traded up $0.54 during trading on Tuesday, hitting $32.46. The stock had a trading volume of 3,880,545 shares, compared to its average volume of 4,239,215. The company has a market capitalization of $10.03 billion, a PE ratio of 21.14 and a beta of 0.63. The company's 50-day moving average price is $34.39 and its two-hundred day moving average price is $36.57. 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 Corporation has a 12 month low of $24.53 and a 12 month high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last released 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 firm had revenue of $1.30 billion during 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 company's revenue was up 32.6% on a year-over-year basis. As a group, sell-side analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current year.

Antero Resources Company 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.