Counterpoint Mutual Funds LLC Invests $723,000 in Antero Resources Corporation $AR

Key Points

• Counterpoint Mutual Funds LLC has invested approximately $723,000 in Antero Resources Corporation by acquiring 17,958 shares of the company.
• Antero Resources reported $0.35 earnings per share for the last quarter, missing the consensus estimate, but had a revenue of $1.30 billion, up 32.6% from the previous year.
• Analysts have mixed ratings on Antero Resources with one "Strong Buy," eight "Buy," and seven "Hold" ratings, and a consensus average price target of $43.50.

Counterpoint Mutual Funds LLC bought a new position in Antero Resources Corporation (NYSE:AR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,958 shares of the oil and natural gas company's stock, valued at approximately $723,000.

Other hedge funds also recently bought and sold shares of the company. Beacon Harbor Wealth Advisors Inc. purchased a new position in Antero Resources during the first quarter worth approximately $6,761,000. CWM LLC boosted its position in Antero Resources by 109.6% during the first quarter. CWM LLC now owns 32,725 shares of the oil and natural gas company's stock worth $1,323,000 after purchasing an additional 17,113 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Antero Resources by 14.3% during the first quarter. PNC Financial Services Group Inc. now owns 11,670 shares of the oil and natural gas company's stock worth $472,000 after purchasing an additional 1,461 shares in the last quarter. Bessemer Group Inc. boosted its position in Antero Resources by 64.7% during the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock worth $42,000 after purchasing an additional 411 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in Antero Resources during the first quarter worth approximately $538,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Stock Performance

NYSE AR opened at $32.57 on Tuesday. The company has a market cap of $10.06 billion, a PE ratio of 20.75 and a beta of 0.64. The stock's 50 day simple moving average is $32.64 and its 200-day simple moving average is $36.06. Antero Resources Corporation has a 1-year low of $25.36 and a 1-year high of $44.01. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30.

Antero Resources (NYSE:AR - Get Free Report) last released its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share 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 firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter last year, the business earned ($0.21) EPS. The business's revenue was up 32.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays increased their price target on Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Raymond James Financial increased their price target on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. UBS Group decreased their target price on Antero Resources from $43.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, September 15th. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Roth Capital downgraded Antero Resources from a "buy" rating to a "neutral" rating and decreased their target price for the company from $44.00 to $32.00 in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.50.

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.

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