Townsquare Capital LLC Has $996,000 Holdings in Antero Resources Corporation $AR

Key Points

• Townsquare Capital LLC increased its stake in Antero Resources Corporation by 46.8% in Q1, holding shares valued at $996,000.
• Antero Resources reported a net margin of 10.13% and a quarterly revenue increase of 32.6% year-over-year, despite missing EPS estimates.
• Analysts have raised their price targets for Antero Resources, with an average target of $43.65 and a general rating of "Moderate Buy."

Townsquare Capital LLC boosted its stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 46.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,635 shares of the oil and natural gas company's stock after acquiring an additional 7,857 shares during the quarter. Townsquare Capital LLC's holdings in Antero Resources were worth $996,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new stake in Antero Resources during the 4th quarter worth about $31,000. Capital A Wealth Management LLC acquired a new position in Antero Resources during the 4th quarter valued at about $35,000. Bessemer Group Inc. lifted its position in 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 period. North Star Investment Management Corp. acquired a new position in Antero Resources during the 1st quarter valued at about $44,000. Finally, Sunbelt Securities Inc. acquired a new position in Antero Resources during the 1st quarter valued at about $56,000. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Performance

Antero Resources stock traded down $0.21 during mid-day trading on Tuesday, hitting $29.97. 1,359,772 shares of the company's stock traded hands, compared to its average volume of 5,079,075. The firm has a 50 day simple moving average of $36.49 and a two-hundred day simple moving average of $37.13. Antero Resources Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $44.01. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 19.07 and a beta of 0.64. 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 (NYSE:AR - Get Free Report) last announced its quarterly earnings results 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). 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 analyst estimates of $1.30 billion. During the same period in the prior year, the business earned ($0.21) EPS. The company's revenue for the quarter was up 32.6% compared to the same quarter last year. On average, research analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company set a $39.00 target price on shares of Antero Resources and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a research report on Wednesday, August 13th. Raymond James Financial increased their price target on shares of Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 22nd. UBS Group increased their price target on shares of Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, Mizuho raised Antero Resources from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, Antero Resources currently has a consensus rating of "Moderate Buy" and an average price target of $43.00.

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.