FORA Capital LLC Makes New Investment in Antero Resources Corporation $AR

Key Points

• FORA Capital LLC acquired a new position in Antero Resources Corporation, purchasing 25,681 shares valued at approximately $1,039,000 in the first quarter.
• Antero Resources reported earnings of $0.35 per share for the last quarter, missing expectations of $0.68, while revenue matched analysts' expectations at $1.30 billion and was up 32.6% year-over-year.
• Wall Street's analysts maintain a consensus rating of "Moderate Buy" for Antero Resources, with target prices ranging from $32.00 to $58.00.

FORA Capital LLC bought a new position in Antero Resources Corporation (NYSE:AR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,681 shares of the oil and natural gas company's stock, valued at approximately $1,039,000.

Other large investors have also recently added to or reduced their stakes in the company. Sourcerock Group LLC increased its holdings in shares of Antero Resources by 3.8% during the fourth 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 during the period. Invesco Ltd. increased its holdings in shares of Antero Resources by 44.3% during the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company's stock valued at $179,567,000 after purchasing an additional 1,362,370 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Antero Resources by 10.7% during the first quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company's stock valued at $178,868,000 after purchasing an additional 428,167 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Antero Resources by 133.1% during the first 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. Finally, Northern Trust Corp increased its holdings in shares of Antero Resources by 22.6% during the fourth quarter. Northern Trust Corp now owns 2,431,631 shares of the oil and natural gas company's stock valued at $85,229,000 after purchasing an additional 447,944 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Trading Down 0.7%

Shares of NYSE:AR traded down $0.24 during midday trading on Monday, reaching $31.90. The company had a trading volume of 3,039,761 shares, compared to its average volume of 4,507,277. 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 Corporation has a 1-year low of $24.53 and a 1-year high of $44.01. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 20.32 and a beta of 0.64. The company has a fifty day simple moving average of $34.60 and a two-hundred day simple moving average of $36.62.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly 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). 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 during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business earned ($0.21) EPS. The company's revenue for the quarter was up 32.6% compared to the same quarter last year. Research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of research analyst reports. UBS Group raised Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price target on the stock in a report on Wednesday, August 20th. Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. Roth Capital lowered Antero Resources from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $44.00 to $32.00 in a report on Monday, August 18th. Mizuho raised Antero Resources from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. Finally, Bank of America lifted their target price on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, Antero Resources presently has an average rating of "Moderate Buy" and an average price target 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.