AQR Capital Management LLC Has $51.36 Million Stake in Antero Resources Corporation $AR

Key Points

• AQR Capital Management LLC has significantly increased its stake in Antero Resources Corporation by 96.2%, acquiring an additional 622,506 shares in the first quarter.
• According to recent analyst ratings, Antero Resources has an average rating of "Moderate Buy" with a consensus target price of $43.65.
• The company reported a quarterly earnings miss with earnings per share of $0.35, falling short of consensus estimates of $0.68, but showed a 32.6% year-over-year revenue increase.

AQR Capital Management LLC lifted its stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 96.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,269,904 shares of the oil and natural gas company's stock after purchasing an additional 622,506 shares during the period. AQR Capital Management LLC owned approximately 0.41% of Antero Resources worth $51,355,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SVB Wealth LLC bought a new stake in shares of Antero Resources during the first quarter worth approximately $26,000. Mascagni Wealth Management Inc. bought a new stake in shares of Antero Resources during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Antero Resources during the fourth quarter worth approximately $35,000. Bessemer Group Inc. raised its stake in shares of 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 worth $42,000 after buying an additional 411 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new stake in shares of Antero Resources during the first quarter worth approximately $44,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AR shares. Wells Fargo & Company set a $39.00 price target on shares of Antero Resources and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Raymond James Financial boosted their price target on shares of Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 22nd. Morgan Stanley boosted their price target on shares of Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Bank of America upped their target price on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Barclays upped their target price on shares of Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Antero Resources has a consensus rating of "Moderate Buy" and an average target price of $44.06.

Antero Resources Stock Up 1.7%

AR traded up $0.55 during trading hours on Friday, hitting $33.39. 800,221 shares of the company's stock were exchanged, compared to its average volume of 5,018,208. Antero Resources Corporation has a 1-year low of $25.36 and a 1-year high of $44.01. The stock's 50-day moving average is $33.22 and its two-hundred day moving average is $36.23. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 21.24 and a beta of 0.63. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15.

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 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the company posted ($0.21) EPS. The business's revenue for the quarter was up 32.6% compared to the same quarter last year. Sell-side analysts predict that Antero Resources Corporation will post 2.74 earnings per share 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.