Lee Johnson Capital Management LLC Invests $671,000 in Antero Resources Corporation $AR

Key Points

• Lee Johnson Capital Management LLC invested approximately $671,000 in Antero Resources Corporation by purchasing 16,647 shares during the second quarter.
• Analysts have provided a range of ratings for Antero Resources, with Barclays raising their target price from $38.00 to $43.00 and the average target now at $43.75.
• Antero Resources reported $0.35 earnings per share for the latest quarter, missing expectations by $0.33, while revenue was $1.30 billion, matching analyst expectations.

Lee Johnson Capital Management LLC purchased a new position in Antero Resources Corporation (NYSE:AR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,647 shares of the oil and natural gas company's stock, valued at approximately $671,000.

Other institutional investors have also recently made changes to their positions in the company. SVB Wealth LLC bought a new position in shares of Antero Resources in the first quarter worth $26,000. Bessemer Group Inc. increased its stake in Antero Resources by 64.7% in 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 acquiring an additional 411 shares during the last quarter. North Star Investment Management Corp. bought a new position in Antero Resources in the first quarter valued at $44,000. Sunbelt Securities Inc. bought a new position in Antero Resources in the first quarter valued at $56,000. Finally, Fifth Third Bancorp increased its stake in Antero Resources by 17.2% in the first quarter. Fifth Third Bancorp now owns 3,008 shares of the oil and natural gas company's stock valued at $122,000 after acquiring an additional 442 shares during the last quarter. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Performance

NYSE AR opened at $33.57 on Tuesday. The company has a 50-day simple moving average of $32.46 and a two-hundred day simple moving average of $35.98. 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 12-month low of $25.36 and a 12-month high of $44.01. The firm has a market cap of $10.37 billion, a price-to-earnings ratio of 21.38 and a beta of 0.63.

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 (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 quarter in the previous year, the company earned ($0.21) earnings per share. The business's quarterly revenue was up 32.6% on a year-over-year basis. On average, equities analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on AR shares. Barclays increased their target price 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. Scotiabank reissued an "outperform" rating on shares of Antero Resources in a research note on Wednesday, August 13th. UBS Group reduced their target price on Antero Resources from $43.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, September 15th. Roth Capital cut Antero Resources from a "buy" rating to a "neutral" rating and reduced their target price for the company from $44.00 to $32.00 in a research note on Monday, August 18th. Finally, Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $43.75.

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.

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