Capital Impact Advisors LLC Acquires Shares of 189,745 Antero Resources Corporation $AR

Key Points

• Capital Impact Advisors LLC has acquired 189,745 shares of Antero Resources Corporation, valued at approximately $7.67 million, making it the firm's 16th largest position.
• Recent institutional investments include substantial increases in stakes from several firms, with Sourcerock Group LLC boosting its position by 3.8% and Ameriprise Financial Inc. by 46.1%.
• Equities analysts have raised their price targets for Antero Resources, with Barclays increasing its target from $38 to $43 and Bank of America from $44 to $47, indicating a generally positive outlook on the stock.

Capital Impact Advisors LLC acquired a new stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 189,745 shares of the oil and natural gas company's stock, valued at approximately $7,673,000. Antero Resources accounts for about 2.9% of Capital Impact Advisors LLC's holdings, making the stock its 16th biggest position. Capital Impact Advisors LLC owned about 0.06% of Antero Resources at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sourcerock Group LLC lifted its position in Antero Resources by 3.8% during the fourth quarter. Sourcerock Group LLC now owns 6,355,724 shares of the oil and natural gas company's stock valued at $222,768,000 after buying an additional 231,068 shares during the period. Invesco Ltd. lifted its position in Antero Resources by 44.3% during the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company's stock valued at $179,567,000 after buying an additional 1,362,370 shares during the period. Raymond James Financial Inc. lifted its position in Antero Resources by 10.7% during the first quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company's stock valued at $178,868,000 after buying an additional 428,167 shares during the period. Assenagon Asset Management S.A. lifted its position in Antero Resources by 133.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company's stock valued at $151,406,000 after buying an additional 2,137,538 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Antero Resources by 46.1% during the first quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company's stock valued at $92,563,000 after buying an additional 721,767 shares during the period. Hedge funds and other institutional investors own 83.04% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays raised their price objective on 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 target on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Morgan Stanley upped 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. Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a research note on Wednesday, August 13th. Finally, Raymond James Financial upped 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. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.65.

Antero Resources Price Performance

AR opened at $32.13 on Wednesday. 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 stock has a market capitalization of $9.93 billion, a P/E ratio of 20.46 and a beta of 0.63. The company's 50-day simple moving average is $33.39 and its two-hundred day simple moving average is $36.28. Antero Resources Corporation has a 52-week low of $24.53 and a 52-week high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the previous year, the company earned ($0.21) EPS. Antero Resources's revenue for the quarter was up 32.6% compared to the same quarter last year. As a group, analysts predict that Antero Resources Corporation will post 2.74 EPS 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.

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