Invesco Ltd. Buys 1,362,370 Shares of Antero Resources Corporation (NYSE:AR)

Key Points

• Invesco Ltd. increased its stake in Antero Resources Corporation by 44.3%, now owning approximately 1.43% of the company, valued at $179.57 million after buying 1,362,370 additional shares.
• Antero Resources reported earnings per share (EPS) of $0.35 for the last quarter, missing estimates by ($0.33), but revenue was in line with expectations at $1.30 billion, a 32.6% increase from the previous year.
• The stock currently has a consensus rating of "Moderate Buy" among analysts, with an average price target of $43.65, indicating potential upsides despite the recent stock performance.

Invesco Ltd. increased its position in Antero Resources Corporation (NYSE:AR - Free Report) by 44.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,440,328 shares of the oil and natural gas company's stock after purchasing an additional 1,362,370 shares during the quarter. Invesco Ltd. owned approximately 1.43% of Antero Resources worth $179,567,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new position in Antero Resources during the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in Antero Resources during the fourth quarter worth $35,000. Bessemer Group Inc. raised its stake in 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 worth $42,000 after acquiring an additional 411 shares in the last quarter. North Star Investment Management Corp. acquired a new position in Antero Resources during the first quarter worth $44,000. Finally, Sunbelt Securities Inc. acquired a new position in Antero Resources during the first quarter worth $56,000. 83.04% of the stock is owned by institutional investors.

Antero Resources Trading Down 0.9%

AR stock traded down $0.28 during midday trading on Friday, reaching $32.06. The stock had a trading volume of 5,643,114 shares, compared to its average volume of 5,297,857. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a twelve month low of $24.53 and a twelve month high of $44.01. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 20.42 and a beta of 0.64. The business has a fifty day simple moving average of $36.67 and a two-hundred day simple moving average of $37.19.

Antero Resources (NYSE:AR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (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 company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the business posted ($0.21) EPS. Antero Resources's quarterly revenue was up 32.6% on a year-over-year basis. As a group, research analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group increased their price objective on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Barclays increased their price objective on Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. Raymond James Financial increased their price objective on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 22nd. Finally, Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $43.65.

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.