Nuveen LLC Makes New Investment in Antero Resources Corporation $AR

Key Points

• Nuveen LLC has made a new investment in Antero Resources Corporation (NYSE:AR) during the first quarter, purchasing approximately 601,864 shares valued at around $24.3 million.
• Several analysts have recently raised their price targets for Antero Resources, with Bank of America increasing it from $44 to $47 and Mizuho raising it from $47 to $49, reflecting a positive outlook.
• Antero Resources reported earnings of $0.35 per share, which missed analysts' expectations, but its revenue showed a 32.6% year-over-year increase.

Nuveen LLC bought a new position in Antero Resources Corporation (NYSE:AR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 601,864 shares of the oil and natural gas company's stock, valued at approximately $24,339,000. Nuveen LLC owned 0.19% of Antero Resources at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Aigen Investment Management LP bought a new stake in shares of Antero Resources during the 1st quarter valued at $2,189,000. Virtu Financial LLC bought a new stake in shares of Antero Resources during the 1st quarter valued at $713,000. Entropy Technologies LP grew its position in shares of Antero Resources by 42.4% during the 1st quarter. Entropy Technologies LP now owns 77,883 shares of the oil and natural gas company's stock valued at $3,150,000 after acquiring an additional 23,178 shares during the period. Invesco Ltd. grew its position in shares of Antero Resources by 44.3% during the 1st quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company's stock valued at $179,567,000 after acquiring an additional 1,362,370 shares during the period. Finally, Townsquare Capital LLC grew its position in shares of Antero Resources by 46.8% during the 1st quarter. Townsquare Capital LLC now owns 24,635 shares of the oil and natural gas company's stock valued at $996,000 after acquiring an additional 7,857 shares during the period. Institutional investors own 83.04% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on AR shares. Bank of America upped their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. UBS Group upped their target price on shares of Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. Finally, Raymond James Financial upped their target price on shares of Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.00.

Antero Resources Price Performance

Shares of AR opened at $30.13 on Tuesday. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 19.19 and a beta of 0.64. Antero Resources Corporation has a twelve month low of $24.53 and a twelve month high of $44.01. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $36.49 and a two-hundred day moving average of $37.13.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. Antero Resources's revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.21) earnings per share. As a group, analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

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.

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