DRW Securities LLC Cuts Stock Holdings in Antero Resources Corporation $AR

Key Points

• DRW Securities LLC reduced its holdings in Antero Resources Corporation by 52.2%, selling 31,331 shares in the first quarter and retaining 28,669 shares worth approximately $1.16 million.
• Antero Resources reported a quarterly earnings miss of $0.35 per share, falling short of the consensus estimate of $0.68, but its revenue remained stable at $1.30 billion.
• The stock has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average target price of $43.65, influenced by fluctuations in target prices from various financial institutions.

DRW Securities LLC reduced its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 52.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,669 shares of the oil and natural gas company's stock after selling 31,331 shares during the period. DRW Securities LLC's holdings in Antero Resources were worth $1,159,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AR. Sourcerock Group LLC lifted its holdings in Antero Resources by 3.8% in the 4th quarter. Sourcerock Group LLC now owns 6,355,724 shares of the oil and natural gas company's stock worth $222,768,000 after buying an additional 231,068 shares during the period. Invesco Ltd. lifted its holdings in Antero Resources by 44.3% in the 1st quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company's stock worth $179,567,000 after buying an additional 1,362,370 shares during the period. Raymond James Financial Inc. lifted its holdings in Antero Resources by 10.7% in the 1st quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company's stock worth $178,868,000 after buying an additional 428,167 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Antero Resources by 133.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company's stock worth $151,406,000 after buying an additional 2,137,538 shares during the period. Finally, Northern Trust Corp lifted its holdings in Antero Resources by 22.6% in the 4th quarter. Northern Trust Corp now owns 2,431,631 shares of the oil and natural gas company's stock worth $85,229,000 after buying an additional 447,944 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Up 0.2%

AR stock traded up $0.08 on Friday, reaching $32.56. 6,478,665 shares of the company traded hands, compared to its average volume of 4,397,951. Antero Resources Corporation has a one year low of $24.53 and a one 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. The company has a market cap of $10.06 billion, a P/E ratio of 20.74 and a beta of 0.63. The firm has a fifty day simple moving average of $33.67 and a 200-day simple moving average of $36.40.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share 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 company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the business earned ($0.21) EPS. The firm's quarterly revenue was up 32.6% on a year-over-year basis. Research analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AR shares. Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Morgan Stanley upped their target price on Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Raymond James Financial upped their target price on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Finally, UBS Group upgraded Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 target price on the stock in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.65.

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.