Focus Partners Advisor Solutions LLC Makes New $402,000 Investment in Antero Resources Corporation $AR

Key Points

• Focus Partners Advisor Solutions LLC has made a new investment of approximately $402,000 in Antero Resources, purchasing 9,945 shares during the first quarter.
• Institutional investors collectively own 83.04% of Antero Resources' stock, indicating strong interest from large investment entities.
• Antero Resources reported an earnings per share (EPS) of $0.35 for the last quarter, missing analysts' expectations of $0.68, despite achieving a revenue of $1.30 billion.

Focus Partners Advisor Solutions LLC purchased a new position in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,945 shares of the oil and natural gas company's stock, valued at approximately $402,000.

Other institutional investors have also recently made changes to their positions in the company. SVB Wealth LLC acquired a new position in shares of Antero Resources during the 1st quarter worth approximately $26,000. Mascagni Wealth Management Inc. acquired a new position in shares of Antero Resources during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new position in shares of Antero Resources during the 4th quarter worth approximately $35,000. Bessemer Group Inc. increased its position in shares of 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 last quarter. Finally, North Star Investment Management Corp. acquired a new position in shares of Antero Resources during the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Stock Performance

Shares of NYSE AR opened at $32.56 on Friday. 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 stock's fifty day moving average price is $33.67 and its two-hundred day moving average price is $36.40. Antero Resources Corporation has a one year low of $24.53 and a one year high of $44.01. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of 20.74 and a beta of 0.63.

Antero Resources (NYSE:AR - Get Free Report) last issued 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). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company earned ($0.21) earnings per share. The business's quarterly revenue was up 32.6% compared to the same quarter last year. On average, equities analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AR shares. Morgan Stanley boosted 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. Barclays increased their price target on Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Roth Capital cut Antero Resources from a "buy" rating to a "neutral" rating and dropped their price target for the company from $44.00 to $32.00 in a research note on Monday, August 18th. Bank of America increased their price target on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, UBS Group upgraded Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price target on the stock in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Antero Resources presently has a consensus rating of "Moderate Buy" and a consensus 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.

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