Algert Global LLC Has $12.99 Million Stock Position in Antero Resources Corporation $AR

Key Points

• Algert Global LLC increased its stake in Antero Resources Corporation by 42.5% during the first quarter, now owning 321,128 shares valued at about $12.99 million.
• Antero Resources reported $0.35 EPS for the last quarter, missing estimates by $0.33, despite a 32.6% increase in revenue year-over-year.
• Analysts have variously set price targets for Antero Resources, with a consensus target of $43.65 and a consensus rating of "Moderate Buy."

Algert Global LLC increased its position in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 42.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 321,128 shares of the oil and natural gas company's stock after buying an additional 95,696 shares during the period. Algert Global LLC owned 0.10% of Antero Resources worth $12,986,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of Antero Resources during the 1st quarter worth $6,761,000. CWM LLC boosted its holdings in Antero Resources by 109.6% in the 1st quarter. CWM LLC now owns 32,725 shares of the oil and natural gas company's stock valued at $1,323,000 after purchasing an additional 17,113 shares during the period. Slate Path Capital LP bought a new stake in Antero Resources in the 4th quarter valued at $35,471,000. PNC Financial Services Group Inc. boosted its holdings in Antero Resources by 14.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,670 shares of the oil and natural gas company's stock valued at $472,000 after purchasing an additional 1,461 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in Antero Resources by 64.7% in 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 period. 83.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of research reports. Bank of America increased 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. Barclays increased their price target on shares of Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Scotiabank reissued an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. Wells Fargo & Company set a $39.00 price target on shares of Antero Resources and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Finally, Roth Capital cut shares of Antero Resources from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $44.00 to $32.00 in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Antero Resources presently has an average rating of "Moderate Buy" and a consensus price target of $43.00.

Antero Resources Price Performance

Shares of AR stock traded up $0.1030 during mid-day trading on Friday, reaching $30.8030. The company's stock had a trading volume of 2,255,501 shares, compared to its average volume of 5,083,100. Antero Resources Corporation has a 1-year low of $24.53 and a 1-year high of $44.01. The company has a market cap of $9.52 billion, a P/E ratio of 19.62 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The firm's 50-day moving average is $35.96 and its two-hundred day moving average is $36.98.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The company's revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.21) EPS. On average, research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current 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.