Antero Resources Corporation $AR Shares Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its stake in Antero Resources Corporation by 275.3% in the first quarter, bringing its total holdings to 83,337 shares worth approximately $3.4 million.
• Several institutional investors, including HITE Hedge Asset Management and Algert Global LLC, have also significantly increased their holdings, contributing to a collective ownership of 83.04% of Antero Resources stock by hedge funds and other institutional investors.
• Antero Resources Corporation reported a $0.35 EPS for the last quarter, missing analysts' expectations, but its revenue was in line with estimates showing a 32.6% year-over-year growth.

Hsbc Holdings PLC grew its position in Antero Resources Corporation (NYSE:AR - Free Report) by 275.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,337 shares of the oil and natural gas company's stock after acquiring an additional 61,133 shares during the quarter. Hsbc Holdings PLC's holdings in Antero Resources were worth $3,395,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. HITE Hedge Asset Management LLC boosted its holdings in shares of Antero Resources by 25.3% in the first quarter. HITE Hedge Asset Management LLC now owns 1,281,308 shares of the oil and natural gas company's stock valued at $51,816,000 after acquiring an additional 259,067 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Antero Resources in the first quarter valued at approximately $4,772,000. Watts Gwilliam & Co. LLC acquired a new stake in shares of Antero Resources in the first quarter valued at approximately $4,451,000. Algert Global LLC boosted its holdings in shares of Antero Resources by 42.5% in the first quarter. Algert Global LLC now owns 321,128 shares of the oil and natural gas company's stock valued at $12,986,000 after acquiring an additional 95,696 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of Antero Resources by 10.7% in 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 acquiring an additional 428,167 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AR shares. Bank of America increased their price objective on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Raymond James Financial boosted their target price on Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 22nd. Mizuho raised Antero Resources from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Finally, Morgan Stanley boosted their target price on Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Monday, August 4th. One 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $43.65.

Antero Resources Trading Down 0.7%

AR stock traded down $0.24 on Monday, hitting $31.90. 3,039,761 shares of the company were exchanged, compared to its average volume of 4,507,277. Antero Resources Corporation has a twelve month low of $24.53 and a twelve month high of $44.01. 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 business's fifty day moving average is $34.39 and its two-hundred day moving average is $36.57. 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 (NYSE:AR - Get Free Report) last issued its quarterly earnings results 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 return on equity of 6.48% and a net margin of 10.13%.The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company posted ($0.21) EPS. The business's revenue for the quarter was up 32.6% on a year-over-year basis. As a group, research analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current year.

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.