Deutsche Bank AG Boosts Stake in Antero Resources Corporation $AR

Key Points

• Deutsche Bank AG increased its holdings in Antero Resources Corporation by 34.7% in Q1, now owning approximately 0.13% of the company, valued at $15.7 million.
• Antero Resources recorded a EPS of $0.35 in its last quarterly earnings report, missing estimates and showing a 32.6% year-over-year revenue increase to $1.3 billion.
• Analysts have set an average target price of $43.65 for Antero Resources, with ratings ranging from "sell" to "strong buy," reflecting a diverse outlook on the stock's performance.

Deutsche Bank AG grew its position in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 34.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 388,355 shares of the oil and natural gas company's stock after acquiring an additional 100,065 shares during the period. Deutsche Bank AG owned about 0.13% of Antero Resources worth $15,705,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Mascagni Wealth Management Inc. bought a new stake in shares of Antero Resources in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Antero Resources in the 4th quarter worth approximately $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 purchasing an additional 411 shares in the last quarter. North Star Investment Management Corp. bought a new stake in shares of Antero Resources in the 1st quarter worth approximately $44,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Antero Resources in the 1st quarter worth approximately $56,000. 83.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AR shares. Roth Capital cut Antero Resources from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $44.00 to $32.00 in a research report on Monday. Wells Fargo & Company set a $39.00 price target on Antero Resources and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Raymond James Financial upped their price objective on Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 22nd. Barclays upped 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. Finally, UBS Group upped their price objective on Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.00.

Antero Resources Stock Performance

Shares of NYSE AR traded down $0.2260 during midday trading on Tuesday, hitting $29.9540. 1,359,772 shares of the stock traded hands, compared to its average volume of 5,079,075. The firm has a 50-day moving average of $36.49 and a two-hundred day moving average of $37.13. The firm has a market capitalization of $9.25 billion, a P/E ratio of 19.07 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. Antero Resources Corporation has a one year low of $24.53 and a one year 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 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.33). The firm had revenue of $1.30 billion for 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%. Antero Resources's quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.21) earnings per share. On average, equities analysts forecast 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.