Petrus Trust Company LTA Invests $546,000 in Antero Resources Corporation $AR

Key Points

• Petrus Trust Company LTA has invested $546,000 in Antero Resources Corporation, acquiring 13,504 shares in the first quarter.
• Despite a revenue of $1.30 billion, Antero Resources reported earnings per share (EPS) of $0.35, missing analyst expectations by $0.33.
• Analysts have varied opinions on Antero Resources, with a consensus rating of "Moderate Buy" and an average price target of $43.65.

Petrus Trust Company LTA acquired a new position in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,504 shares of the oil and natural gas company's stock, valued at approximately $546,000.

Other institutional investors have also added to or reduced their stakes in the company. SVB Wealth LLC purchased a new stake in Antero Resources during the 1st quarter worth about $26,000. Mascagni Wealth Management Inc. purchased a new stake in Antero Resources during the 4th quarter worth about $31,000. Capital A Wealth Management LLC purchased a new stake in Antero Resources during the 4th quarter worth about $35,000. Bessemer Group Inc. lifted its holdings in Antero Resources by 64.7% during the 1st 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. purchased a new stake in Antero Resources during the 1st quarter worth about $44,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wells Fargo & Company set a $39.00 price target on Antero Resources and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Barclays raised their price target on Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Bank of America raised their price target on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Roth Capital cut Antero Resources from a "buy" rating to a "neutral" rating and lowered their price target for the company from $44.00 to $32.00 in a report on Monday, August 18th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $44.06.

Antero Resources Price Performance

Shares of Antero Resources stock traded down $0.02 during trading on Thursday, hitting $32.84. 1,989,573 shares of the stock traded hands, compared to its average volume of 5,036,645. 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 stock has a market cap of $10.14 billion, a price-to-earnings ratio of 20.91 and a beta of 0.63. The firm's fifty day moving average is $33.30 and its 200-day moving average is $36.26. Antero Resources Corporation has a 52 week low of $25.36 and a 52 week high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.33). The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 32.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.21) earnings per share. Research analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

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.