Capital Impact Advisors LLC Takes Position in 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 purchased a new position in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 189,745 shares of the oil and natural gas company's stock, valued at approximately $7,673,000. Antero Resources accounts for approximately 2.9% of Capital Impact Advisors LLC's investment portfolio, 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.

Other institutional investors and hedge funds have also made changes to their positions in the company. SVB Wealth LLC purchased a new stake in shares of Antero Resources in the 1st quarter worth about $26,000. Mascagni Wealth Management Inc. purchased a new stake in shares of Antero Resources in the 4th quarter worth about $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Antero Resources in the 4th quarter worth about $35,000. Bessemer Group Inc. boosted its position in shares of 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 worth $42,000 after buying an additional 411 shares in the last quarter. Finally, North Star Investment Management Corp. purchased a new stake in shares of Antero Resources in the 1st quarter worth about $44,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Raymond James Financial upped their target price on shares of Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 22nd. UBS Group reduced their target price on shares of Antero Resources from $43.00 to $42.00 and set a "buy" rating on the stock in a report on Monday. Roth Capital lowered shares of Antero Resources from a "buy" rating to a "neutral" rating and reduced their target price for the company from $44.00 to $32.00 in a report on Monday, August 18th. Morgan Stanley upped their target price on shares of Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Monday, August 4th. 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 report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.50.

Antero Resources Stock Performance

Antero Resources stock traded down $0.45 during mid-day trading on Monday, reaching $32.62. The company's stock had a trading volume of 1,330,842 shares, compared to its average volume of 5,008,463. 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 firm has a market cap of $10.08 billion, a price-to-earnings ratio of 20.78 and a beta of 0.63. Antero Resources Corporation has a twelve month low of $25.36 and a twelve month high of $44.01. The business has a 50 day moving average price of $33.13 and a 200-day moving average price of $36.20.

Antero Resources (NYSE:AR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business's quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) earnings per share. Sell-side analysts predict that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Antero Resources Company 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.