Antero Resources Corporation $AR Shares Bought by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. increased its stake in Antero Resources Corporation by 77.6%, acquiring an additional 7,984 shares during the first quarter.
• Barclays and Morgan Stanley have recently raised their price targets for Antero Resources, with Barclays increasing it to $43.00 and Morgan Stanley to $47.00, showcasing positive analyst sentiment.
• Antero Resources reported a 0.35 EPS for the last quarter, missing consensus estimates, while revenues remained steady at $1.30 billion.

Maverick Capital Ltd. grew its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 77.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,278 shares of the oil and natural gas company's stock after buying an additional 7,984 shares during the quarter. Maverick Capital Ltd.'s holdings in Antero Resources were worth $739,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SVB Wealth LLC purchased a new stake in Antero Resources during the first quarter worth approximately $26,000. Mascagni Wealth Management Inc. purchased a new stake in Antero Resources during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new stake in Antero Resources during the fourth quarter worth approximately $35,000. Bessemer Group Inc. lifted 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 worth $42,000 after purchasing an additional 411 shares in the last quarter. Finally, North Star Investment Management Corp. acquired a new position in shares of Antero Resources during the first quarter worth $44,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Stock Up 0.2%

Shares of NYSE:AR traded up $0.08 during midday trading on Friday, reaching $32.56. The company had a trading volume of 6,478,665 shares, compared to its average volume of 4,564,689. 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 stock's fifty day moving average price is $33.67 and its 200-day moving average price is $36.36. The stock has a market capitalization of $10.06 billion, a P/E ratio of 20.74 and a beta of 0.64. Antero Resources Corporation has a one year low of $24.53 and a one year high of $44.01.

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 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 business 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) earnings per share. The firm's revenue for the quarter was up 32.6% on a year-over-year basis. Equities research analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Scotiabank reissued an "outperform" rating on shares of Antero Resources in a research report on Wednesday, August 13th. Raymond James Financial boosted their target price on shares of Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. Barclays boosted their target price on shares of Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Bank of America boosted their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and increased their target price for the company from $47.00 to $49.00 in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.65.

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.