Dimensional Fund Advisors LP Sells 3,569,860 Shares of Antero Resources Corporation $AR

Key Points

• Dimensional Fund Advisors has reduced its stake in Antero Resources Corporation by 30.2%, selling 3,569,860 shares, and now holds approximately 8.26 million shares valued at $333.99 million.
• Despite the recent dip, the company’s revenue for the last quarter was up 32.6% year-over-year, with earnings per share of $0.35, falling short of consensus estimates.
• The current average analyst rating for Antero Resources is a "Moderate Buy" with an average price target of $43.65.

Dimensional Fund Advisors LP reduced its position in Antero Resources Corporation (NYSE:AR - Free Report) by 30.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,259,403 shares of the oil and natural gas company's stock after selling 3,569,860 shares during the quarter. Dimensional Fund Advisors LP owned 2.66% of Antero Resources worth $333,988,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new stake in shares of Antero Resources during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Antero Resources during the fourth quarter valued at $35,000. Bessemer Group Inc. increased its holdings in Antero Resources by 64.7% during 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 during the period. North Star Investment Management Corp. purchased a new stake in shares of Antero Resources during the 1st quarter worth $44,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Antero Resources during the 1st quarter valued at $56,000. Institutional investors own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of research reports. Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a research note on Wednesday, August 13th. Bank of America upped their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. UBS Group raised Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 target price for the company in a research report on Wednesday. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. Finally, Raymond James Financial raised their price objective on Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

Antero Resources Price Performance

Shares of AR stock traded up $0.05 during midday trading on Friday, reaching $30.75. 1,863,626 shares of the company were exchanged, compared to its average volume of 5,080,323. Antero Resources Corporation has a 12 month low of $24.53 and a 12 month high of $44.01. The company's 50 day moving average price is $35.96 and its two-hundred day moving average price is $36.98. The company has a market cap of $9.50 billion, a P/E ratio of 19.58 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 (NYSE:AR - Get Free Report) last announced 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). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the firm earned ($0.21) earnings per share. The firm's revenue for the quarter was up 32.6% on a year-over-year basis. On average, sell-side analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current 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.