Diversified Trust Co Buys 9,269 Shares of Antero Resources Corporation $AR

Key Points

• Diversified Trust Co increased its holdings in Antero Resources Corporation by 36.4% during Q2, owning a total of 34,716 shares valued at approximately $1.4 million.
• Antero Resources recently received varied analyst ratings; Wells Fargo set a price target of $39.00, while Roth Capital lowered its target to $32.00, indicating mixed investor sentiment.
• The company reported a Q2 loss of $0.35 EPS, missing estimates, yet achieved a 32.6% year-over-year revenue increase with total revenue of $1.30 billion.

Diversified Trust Co boosted its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 36.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,716 shares of the oil and natural gas company's stock after purchasing an additional 9,269 shares during the quarter. Diversified Trust Co's holdings in Antero Resources were worth $1,398,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of AR. SVB Wealth LLC bought a new stake in shares of Antero Resources during the first quarter valued at approximately $26,000. Mascagni Wealth Management Inc. purchased a new stake in Antero Resources during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in Antero Resources in the fourth 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. Finally, North Star Investment Management Corp. purchased a new position in Antero Resources in the 1st quarter worth $44,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Roth Capital lowered Antero Resources from a "buy" rating to a "neutral" rating and cut their price target for the company from $44.00 to $32.00 in a research note on Monday, August 18th. Wells Fargo & Company set a $39.00 price objective on Antero Resources and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a research note on Wednesday, August 13th. Raymond James Financial upped their price objective on shares of Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 22nd. Finally, Mizuho cut their price target on shares of Antero Resources from $49.00 to $41.00 and set an "outperform" rating for the company in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, Antero Resources currently has an average rating of "Moderate Buy" and a consensus price target of $43.50.

Antero Resources Price Performance

Shares of NYSE:AR traded up $0.87 during trading on Monday, reaching $32.57. The company had a trading volume of 4,556,741 shares, compared to its average volume of 4,322,661. The firm's fifty day moving average is $32.64 and its 200 day moving average is $36.06. The firm has a market capitalization of $10.06 billion, a PE ratio of 20.75 and a beta of 0.64. Antero Resources Corporation has a twelve month low of $25.36 and a twelve month high of $44.01. 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 quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business's revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.21) earnings per share. On average, equities analysts forecast that Antero Resources Corporation will post 2.74 EPS 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.