Campbell & CO Investment Adviser LLC Boosts Position in Antero Resources Corporation $AR

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Antero Resources by 141.2%, acquiring 37,831 shares in the first quarter, raising their total shares to 64,627 valued at approximately $2.6 million.
• Analysts have a consensus rating of "Moderate Buy" for Antero Resources, with a target price averaging around $43.00, following several upgrades from firms including Mizuho and Barclays.
• Antero Resources reported a 32.6% year-over-year increase in quarterly revenue, although it missed earnings expectations by $0.33, posting earnings of $0.35 per share.

Campbell & CO Investment Adviser LLC boosted its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 141.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 64,627 shares of the oil and natural gas company's stock after acquiring an additional 37,831 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Antero Resources were worth $2,614,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in Antero Resources in the 1st quarter valued at $26,000. Mascagni Wealth Management Inc. acquired a new stake in Antero Resources in the 4th quarter valued at $31,000. Capital A Wealth Management LLC acquired a new stake in Antero Resources in the 4th quarter valued at $35,000. Bessemer Group Inc. grew its stake 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 acquiring an additional 411 shares during the period. Finally, North Star Investment Management Corp. acquired a new stake in Antero Resources in the 1st quarter valued at $44,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Price Performance

AR stock traded up $0.20 during midday trading on Wednesday, reaching $31.33. The stock had a trading volume of 4,713,971 shares, compared to its average volume of 4,871,633. Antero Resources Corporation has a 52-week low of $24.53 and a 52-week high of $44.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. The company's fifty day simple moving average is $35.05 and its 200 day simple moving average is $36.77. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 19.96 and a beta of 0.64.

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 return on equity of 6.48% and a net margin of 10.13%.The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the prior year, the firm earned ($0.21) EPS. The firm's revenue was up 32.6% on a year-over-year basis. As a group, sell-side analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AR. Roth Capital cut 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 note on Monday, August 18th. UBS Group upgraded Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price objective on the stock in a report on Wednesday, August 20th. Morgan Stanley raised their price objective on Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Scotiabank restated an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. Finally, Wells Fargo & Company set a $39.00 price objective on Antero Resources and gave the company an "equal weight" rating in a report on Tuesday, July 15th. One 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.65.

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.