Antero Resources Corporation $AR Shares Purchased by RR Advisors LLC

Key Points

• RR Advisors LLC increased its stake in Antero Resources Corporation by 8.7% during the first quarter, now owning approximately $11.60 million worth of shares.
• A variety of institutional investors have also shown interest, with Sterling Capital Management LLC increasing its holdings by 55.5% and Marshall Wace LLP acquiring a new position worth around $9.12 million.
• Despite posting earnings per share of $0.35, Antero Resources missed analyst expectations of $0.68, though their revenue for the quarter was consistent with estimates at $1.30 billion.

RR Advisors LLC increased its position in Antero Resources Corporation (NYSE:AR - Free Report) by 8.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 287,000 shares of the oil and natural gas company's stock after acquiring an additional 23,000 shares during the period. Antero Resources comprises about 2.8% of RR Advisors LLC's investment portfolio, making the stock its 11th biggest holding. RR Advisors LLC owned 0.09% of Antero Resources worth $11,602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AR. Mascagni Wealth Management Inc. purchased a new position in shares of Antero Resources in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in shares of Antero Resources during the fourth quarter worth $35,000. Bessemer Group Inc. raised its stake 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 valued at $42,000 after acquiring an additional 411 shares in the last quarter. 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 position in Antero Resources in the first quarter worth approximately $56,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AR shares. Mizuho raised Antero Resources from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $47.00 to $49.00 in a research report on Tuesday, May 13th. Roth Capital cut Antero Resources from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $44.00 to $32.00 in a report on Monday. Morgan Stanley lifted their price target on Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Barclays upped their target price on Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Finally, Bank of America raised their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Antero Resources currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

Antero Resources Stock Performance

Shares of Antero Resources stock traded up $0.73 on Wednesday, reaching $30.60. 1,635,560 shares of the stock were exchanged, compared to its average volume of 5,083,226. Antero Resources Corporation has a 1-year low of $24.53 and a 1-year high of $44.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average price of $36.32 and a two-hundred day moving average price of $37.08. The firm has a market capitalization of $9.45 billion, a PE ratio of 19.49 and a beta of 0.64.

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 the consensus estimate of $0.68 by ($0.33). The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The company's quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.21) earnings per share. As a group, research analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Antero Resources Company 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.