Quantbot Technologies LP Takes $4.77 Million Position in Antero Resources Corporation $AR

Key Points

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Quantbot Technologies LP bought a new stake in 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 (SEC). The fund bought 118,004 shares of the oil and natural gas company's stock, valued at approximately $4,772,000.

Other hedge funds also recently modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new position in shares of Antero Resources during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Antero Resources in the fourth quarter valued at approximately $35,000. Bessemer Group Inc. raised its position in shares of 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 purchasing an additional 411 shares during the period. North Star Investment Management Corp. bought a new stake in shares of Antero Resources in the first quarter valued at about $44,000. Finally, Sunbelt Securities Inc. bought a new stake in Antero Resources during the first quarter worth about $56,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group raised shares of Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price target for the company in a research report on Wednesday. Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a research note on Wednesday, August 13th. Roth Capital cut Antero Resources from a "buy" rating to a "neutral" rating and cut their price target for the company from $44.00 to $32.00 in a report on Monday. Bank of America lifted their price target on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Raymond James Financial increased their price objective on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Antero Resources currently has an average rating of "Moderate Buy" and an average price target of $43.00.

Antero Resources Stock Performance

NYSE:AR traded up $0.1050 during midday trading on Friday, reaching $30.8050. The stock had a trading volume of 4,679,112 shares, compared to its average volume of 5,098,588. The firm's fifty day simple moving average is $35.96 and its 200-day simple moving average is $36.98. The stock has a market capitalization of $9.52 billion, a P/E ratio of 19.62 and a beta of 0.64. Antero Resources Corporation has a 1-year low of $24.53 and a 1-year high of $44.01. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly 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). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the company earned ($0.21) EPS. The firm's quarterly revenue was up 32.6% compared to the same quarter last year. On average, equities research analysts forecast that Antero Resources Corporation will post 2.74 EPS 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.