HighTower Advisors LLC Lowers Stock Holdings in Antero Resources Corporation $AR

Key Points

• HighTower Advisors LLC reduced its holdings in Antero Resources Corporation by 65.6%, now owning 33,027 shares valued at approximately $1.34 million.
• Antero Resources has seen varying ratings from analysts, with Mizuho upgrading it to "outperform" and price targets ranging from $39.00 to $49.00 across different firms.
• The company reported a net loss of $0.33 per share in its latest quarterly earnings, missing analyst estimates but achieving a 32.6% revenue increase compared to the previous year.

HighTower Advisors LLC cut its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 65.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,027 shares of the oil and natural gas company's stock after selling 62,888 shares during the period. HighTower Advisors LLC's holdings in Antero Resources were worth $1,336,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AR. TD Waterhouse Canada Inc. raised its holdings in Antero Resources by 75.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,836 shares of the oil and natural gas company's stock worth $99,000 after purchasing an additional 1,216 shares during the last quarter. Stifel Financial Corp raised its holdings in Antero Resources by 0.6% during the 4th quarter. Stifel Financial Corp now owns 84,530 shares of the oil and natural gas company's stock worth $2,963,000 after purchasing an additional 520 shares during the last quarter. Hsbc Holdings PLC bought a new position in Antero Resources during the 4th quarter worth approximately $781,000. Price T Rowe Associates Inc. MD raised its holdings in Antero Resources by 9.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 177,488 shares of the oil and natural gas company's stock worth $6,221,000 after purchasing an additional 14,659 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in Antero Resources during the 4th quarter worth approximately $196,000. Institutional investors own 83.04% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AR. Morgan Stanley boosted their target price on shares of Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $47.00 to $49.00 in a research note on Tuesday, May 13th. Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. Barclays boosted their price target on shares of Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Finally, Roth Capital downgraded shares of Antero Resources from a "buy" rating to a "neutral" rating and cut their price target for the stock from $44.00 to $32.00 in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.65.

Antero Resources Stock Performance

NYSE AR traded down $0.24 during trading on Friday, hitting $31.90. 3,039,761 shares of the company's stock traded hands, compared to its average volume of 4,658,775. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 20.32 and a beta of 0.64. Antero Resources Corporation has a 12-month low of $24.53 and a 12-month high of $44.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The business has a 50 day moving average of $34.60 and a 200-day moving average of $36.66.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period last year, the company earned ($0.21) earnings per share. Antero Resources's revenue for the quarter was up 32.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal 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.