Entropy Technologies LP Raises Stock Holdings in Antero Resources Corporation (NYSE:AR)

Key Points

• Entropy Technologies LP increased its stake in Antero Resources Corporation by 42.4% during the first quarter, holding 77,883 shares valued at approximately $3.15 million.
• Several institutional investors, including Invesco Ltd. and Townsquare Capital LLC, also significantly boosted their holdings in Antero Resources, with institutional ownership now at 83.04%.
• Analysts show optimism for Antero Resources, with a consensus rating of "Moderate Buy" and an average target price increase to $43.53.

Entropy Technologies LP increased its position in Antero Resources Corporation (NYSE:AR - Free Report) by 42.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,883 shares of the oil and natural gas company's stock after buying an additional 23,178 shares during the quarter. Entropy Technologies LP's holdings in Antero Resources were worth $3,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AR. Assenagon Asset Management S.A. increased its position in 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 valued at $151,406,000 after purchasing an additional 2,137,538 shares during the period. Castle Hook Partners LP acquired a new stake in Antero Resources during the 4th quarter valued at approximately $60,980,000. Invesco Ltd. boosted its holdings 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 buying an additional 1,362,370 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Antero Resources by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock worth $414,628,000 after buying an additional 1,274,760 shares in the last quarter. Finally, Webs Creek Capital Management LP bought a new position in shares of Antero Resources during the 4th quarter worth approximately $44,525,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Stock Performance

AR traded up $0.37 during trading hours on Wednesday, hitting $32.72. The stock had a trading volume of 374,194 shares, compared to its average volume of 5,037,298. The company's fifty day simple moving average is $36.99 and its 200 day simple moving average is $37.29. Antero Resources Corporation has a 1 year low of $24.53 and a 1 year high of $44.01. The stock has a market cap of $10.11 billion, a PE ratio of 20.86 and a beta of 0.64. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15.

Antero Resources (NYSE:AR - Get Free Report) last posted its earnings results 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). 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 firm's quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.21) EPS. Equities analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AR. UBS Group increased their price target on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Raymond James Financial increased their price target on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Bank of America increased their price target on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Morgan Stanley increased their price target on Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.65.

Insiders Place Their Bets

In other Antero Resources news, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the completion of the transaction, the insider owned 306,819 shares of the company's stock, valued at $12,229,805.34. The trade was a 7.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is owned by insiders.

Antero Resources 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.