Ieq Capital LLC Acquires 47,230 Shares of Antero Resources Corporation $AR

Key Points

• Ieq Capital LLC increased its stake in Antero Resources Corporation by 133.5%, acquiring an additional 47,230 shares, bringing its total holdings to 82,607 shares valued at approximately $3.34 million as reported in its recent SEC filing.
• Antero Resources reported earnings per share (EPS) of $0.35 for the last quarter, falling short of the analysts' expectation of $0.68, although its revenue was in line with forecasts at $1.30 billion.
• Research firms have varied opinions on Antero Resources, with upgrades from several firms, leading to an average target price of $43.65 and a current rating of "Moderate Buy."

Ieq Capital LLC raised its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 133.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,607 shares of the oil and natural gas company's stock after buying an additional 47,230 shares during the quarter. Ieq Capital LLC's holdings in Antero Resources were worth $3,341,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SVB Wealth LLC acquired a new position in Antero Resources during the 1st quarter valued at $26,000. Mascagni Wealth Management Inc. acquired a new stake in Antero Resources in the 4th quarter worth $31,000. Capital A Wealth Management LLC bought a new position in shares of Antero Resources during the 4th quarter worth about $35,000. Bessemer Group Inc. raised its position in shares of Antero Resources by 64.7% during the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock valued at $42,000 after buying 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 first quarter valued at about $44,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AR. Barclays boosted 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. Wells Fargo & Company set a $39.00 price objective on Antero Resources and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Raymond James Financial boosted their price objective on Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 22nd. UBS Group raised Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 target price for the company in a research report on Wednesday, August 20th. Finally, Morgan Stanley lifted their price target on shares of Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, Antero Resources presently has an average rating of "Moderate Buy" and a consensus price target of $43.65.

Antero Resources Price Performance

Shares of Antero Resources stock traded up $0.59 during mid-day trading on Thursday, reaching $32.38. 2,853,754 shares of the stock were exchanged, compared to its average volume of 5,039,052. Antero Resources Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $44.01. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 20.62 and a beta of 0.63. The firm has a 50-day simple moving average of $34.00 and a 200 day simple moving average of $36.50. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15.

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 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.33). The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.Antero Resources's quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.21) earnings per share. On average, sell-side analysts predict that Antero Resources Corporation will post 2.74 EPS for the current fiscal 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.