Charles Schwab Investment Management Inc. Grows Stock Holdings in Antero Resources Corporation (NYSE:AR)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Antero Resources by 2.1% in Q1, now owning over 2 million shares valued at approximately $81 million.
• Several institutional investors significantly increased their positions in Antero Resources during the fourth quarter, with Sterling Capital Management alone lifting its holdings by 55.5%.
• Despite reporting lower-than-expected earnings, research analysts maintain a consensus rating of "Moderate Buy" for Antero Resources, with an average price target of $43.65.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,003,424 shares of the oil and natural gas company's stock after buying an additional 41,780 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.65% of Antero Resources worth $81,018,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AR. Mascagni Wealth Management Inc. purchased a new stake in shares of Antero Resources during the fourth quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Antero Resources during the 4th quarter worth about $35,000. Bessemer Group Inc. boosted its stake 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 valued at $42,000 after buying an additional 411 shares during the period. North Star Investment Management Corp. purchased a new stake in Antero Resources during the first quarter worth approximately $44,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Antero Resources in the first quarter valued at approximately $56,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Trading Down 0.9%

Shares of AR traded down $0.28 during trading hours on Friday, hitting $32.06. 5,643,114 shares of the stock traded hands, compared to its average volume of 5,297,857. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a 1-year low of $24.53 and a 1-year high of $44.01. The firm has a market capitalization of $9.90 billion, a PE ratio of 20.42 and a beta of 0.64. The business has a fifty day moving average of $36.67 and a 200-day moving average of $37.19.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data 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). 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 previous year, the business earned ($0.21) earnings per share. The business's quarterly revenue was up 32.6% on a year-over-year basis. Analysts expect that Antero Resources Corporation will post 2.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group boosted their price objective on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Bank of America lifted their price target on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Scotiabank restated an "outperform" rating on shares of Antero Resources in a research report on Wednesday. Wells Fargo & Company set a $39.00 price objective on shares of Antero Resources and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley lifted their price objective on shares of Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.65.

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.