258,400 Shares in Antero Resources Corporation $AR Bought by Duquesne Family Office LLC

Key Points

• Duquesne Family Office LLC has acquired 258,400 shares of Antero Resources Corporation, valued at approximately $10.45 million, representing about 0.08% of the company.
• As of the latest quarter, 83.04% of Antero Resources' stock is owned by institutional investors, indicating strong interest from the investment community.
• In its most recent earnings report, Antero Resources missed the consensus EPS estimate of $0.68, reporting only $0.35, despite a year-over-year revenue increase of 32.6%.

Duquesne Family Office LLC purchased a new stake in Antero Resources Corporation (NYSE:AR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 258,400 shares of the oil and natural gas company's stock, valued at approximately $10,450,000. Duquesne Family Office LLC owned approximately 0.08% of Antero Resources as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. Sourcerock Group LLC raised its holdings in shares of 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 valued at $222,768,000 after purchasing an additional 231,068 shares in the last quarter. Invesco Ltd. raised its stake in shares of Antero Resources by 44.3% during 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 acquiring an additional 1,362,370 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Antero Resources by 10.7% during 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 acquiring an additional 428,167 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Antero Resources by 133.1% during 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 acquiring an additional 2,137,538 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Antero Resources by 46.1% during the 1st quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company's stock worth $92,563,000 after acquiring an additional 721,767 shares in the last quarter. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Performance

AR stock traded up $0.17 during trading on Tuesday, reaching $32.28. 1,449,743 shares of the stock were exchanged, compared to its average volume of 5,050,933. Antero Resources Corporation has a twelve month low of $24.53 and a twelve month high of $44.01. The company has a market capitalization of $9.97 billion, a P/E ratio of 20.56 and a beta of 0.63. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $33.50 and a 200-day simple moving average of $36.31.

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 the consensus estimate of $0.68 by ($0.33). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The company's revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) EPS. As a group, sell-side analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analysts Set New Price Targets

AR has been the subject of several recent analyst reports. Wells Fargo & Company set a $39.00 price objective on shares of Antero Resources and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a research note on Wednesday, August 13th. Roth Capital downgraded shares of Antero Resources from a "buy" rating to a "neutral" rating and cut their price objective for the company from $44.00 to $32.00 in a report on Monday, August 18th. UBS Group upgraded shares of Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price objective on the stock in a report on Wednesday, August 20th. Finally, Bank of America upped their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $43.65.

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.