Gemsstock Ltd. Takes Position in Antero Resources Corporation (NYSE:AR)

Key Points

• Gemsstock Ltd. has acquired a new stake of 232,200 shares in Antero Resources Corporation, valued at approximately $9.39 million, making it the firm's 14th biggest holding, accounting for about 3.5% of its investment portfolio.
• Several institutional investors, including Dimensional Fund Advisors and Invesco Ltd., have also increased their stakes in Antero Resources, with 83.04% of the stock currently owned by institutional investors.
• Antero Resources reported a quarterly earnings miss, posting $0.35 earnings per share compared to a consensus estimate of $0.68, though revenue increased by 32.6% year-over-year.

Gemsstock Ltd. acquired a new stake in Antero Resources Corporation (NYSE:AR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 232,200 shares of the oil and natural gas company's stock, valued at approximately $9,390,000. Antero Resources accounts for about 3.5% of Gemsstock Ltd.'s investment portfolio, making the stock its 14th largest holding. Gemsstock Ltd. owned about 0.07% of Antero Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new stake in Antero Resources in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Antero Resources during the 4th quarter valued at approximately $35,000. Bessemer Group Inc. lifted 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 valued at $42,000 after acquiring an additional 411 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of Antero Resources during the 1st quarter valued at approximately $44,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Antero Resources during the 1st quarter valued at approximately $56,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AR shares. Barclays lifted their price target on shares of Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Raymond James Financial lifted their price objective on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. Scotiabank restated an "outperform" rating on shares of Antero Resources in a research report on Wednesday. Wells Fargo & Company set a $39.00 price objective on Antero Resources and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Bank of America lifted their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Antero Resources currently has an average rating of "Moderate Buy" and a consensus target price of $43.65.

Antero Resources Trading Down 0.9%

Shares of NYSE AR traded down $0.28 during trading on Friday, hitting $32.06. 5,642,088 shares of the company traded hands, compared to its average volume of 5,068,582. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $9.90 billion, a P/E ratio of 20.42 and a beta of 0.64. The company has a 50-day moving average price of $36.80 and a 200-day moving average price of $37.22. Antero Resources Corporation has a 1 year low of $24.53 and a 1 year high of $44.01.

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 return on equity of 6.48% and a net margin of 10.13%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm earned ($0.21) EPS. The business's quarterly revenue was up 32.6% compared to the same quarter last year. On average, equities analysts predict that Antero Resources Corporation will post 2.74 EPS for the current year.

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.