Antero Resources Corporation $AR Holdings Raised by Boothbay Fund Management LLC

Key Points

• Boothbay Fund Management LLC increased its stake in Antero Resources Corporation by 16.3%, owning 336,543 shares valued at approximately $13.61 million as of the end of the most recent quarter.
• Barclays and Raymond James both raised their price targets for Antero Resources, with Barclays setting it at $43.00 and Raymond James at $58.00, reflecting growing optimism among analysts.
• Antero Resources reported a missed earnings estimate for the last quarter, with earnings per share of $0.35, compared to the expected $0.68.

Boothbay Fund Management LLC increased its position in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 16.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 336,543 shares of the oil and natural gas company's stock after acquiring an additional 47,199 shares during the period. Boothbay Fund Management LLC owned about 0.11% of Antero Resources worth $13,610,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AR. Schonfeld Strategic Advisors LLC bought a new position in Antero Resources in the 4th quarter valued at $1,676,000. Mercer Global Advisors Inc. ADV raised its position in shares of Antero Resources by 2.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company's stock worth $503,000 after acquiring an additional 370 shares in the last quarter. Bank of America Corp DE raised its stake 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 during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Antero Resources by 3.4% during the 4th quarter. Captrust Financial Advisors now owns 21,008 shares of the oil and natural gas company's stock valued at $736,000 after buying an additional 681 shares during the period. Finally, Brevan Howard Capital Management LP bought a new position in Antero Resources in the 4th quarter worth $651,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AR. Morgan Stanley upped their price objective on Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Barclays increased their price objective on shares of Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Bank of America upped their price objective 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. Roth Capital lowered shares of Antero Resources from a "buy" rating to a "neutral" rating and dropped their price target for the company from $44.00 to $32.00 in a research report on Monday, August 18th. Finally, Raymond James Financial lifted 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 note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Antero Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.65.

Antero Resources Stock Performance

AR traded up $0.11 on Tuesday, reaching $32.22. The company had a trading volume of 1,021,820 shares, compared to its average volume of 5,048,542. The stock has a 50-day moving average price of $33.50 and a 200-day moving average price of $36.31. The stock has a market capitalization of $9.95 billion, a PE ratio of 20.50 and a beta of 0.63. Antero Resources Corporation has a 1 year low of $24.53 and a 1 year high of $44.01. 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 posted its quarterly 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 during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the business earned ($0.21) earnings per share. The firm's quarterly revenue was up 32.6% compared to the same quarter last year. As a group, research analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

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.