KLP Kapitalforvaltning AS Increases Stock Position in Antero Resources Corporation $AR

Key Points

• KLP Kapitalforvaltning AS boosted its stake in Antero Resources by 42.2% in Q2, acquiring an additional 25,500 shares for a total of 85,900 shares worth approximately $3.46 million.
• Antero Resources reported a $0.35 earnings per share for the last quarter, missing estimates by ($0.33), despite revenue reaching $1.30 billion.
• Analysts have varying ratings for Antero Resources, with a consensus target price of $44.31, indicating a generally positive outlook among market analysts.

KLP Kapitalforvaltning AS lifted its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 42.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,900 shares of the oil and natural gas company's stock after acquiring an additional 25,500 shares during the period. KLP Kapitalforvaltning AS's holdings in Antero Resources were worth $3,460,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. 111 Capital purchased a new position in shares of Antero Resources during the second quarter worth approximately $282,000. QRG Capital Management Inc. grew its position in shares of Antero Resources by 17.1% during the second quarter. QRG Capital Management Inc. now owns 6,721 shares of the oil and natural gas company's stock worth $271,000 after acquiring an additional 980 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Antero Resources by 12.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,147,218 shares of the oil and natural gas company's stock worth $86,490,000 after acquiring an additional 232,420 shares during the last quarter. Deltec Asset Management LLC purchased a new position in shares of Antero Resources during the second quarter worth approximately $4,149,000. Finally, Union Bancaire Privee UBP SA grew its position in shares of Antero Resources by 330.6% during the second quarter. Union Bancaire Privee UBP SA now owns 16,562 shares of the oil and natural gas company's stock worth $609,000 after acquiring an additional 12,716 shares during the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Trading Down 5.9%

NYSE:AR opened at $31.62 on Friday. 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 Corporation has a 12-month low of $25.36 and a 12-month high of $44.01. The firm has a market cap of $9.77 billion, a P/E ratio of 20.14 and a beta of 0.56. The stock's 50 day simple moving average is $32.51 and its 200-day simple moving average is $35.57.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter last year, the firm earned ($0.21) earnings per share. The firm's quarterly revenue was up 32.6% compared to the same quarter last year. Equities analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AR shares. Mizuho lowered their target price on shares of Antero Resources from $49.00 to $41.00 and set an "outperform" rating on the stock in a research report on Monday, September 15th. UBS Group dropped their target price on Antero Resources from $43.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, September 15th. Scotiabank reissued an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. 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. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $44.31.

Antero Resources 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.