Russell Investments Group Ltd. Buys 154,932 Shares of Antero Resources Corporation $AR

Russell Investments Group Ltd. lifted its position in Antero Resources Corporation (NYSE:AR - Free Report) by 103.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 304,909 shares of the oil and natural gas company's stock after buying an additional 154,932 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of Antero Resources worth $12,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AR. Beacon Harbor Wealth Advisors Inc. bought a new position in Antero Resources during the first quarter worth $6,761,000. CWM LLC increased its holdings in Antero Resources by 109.6% in the 1st quarter. CWM LLC now owns 32,725 shares of the oil and natural gas company's stock valued at $1,323,000 after buying an additional 17,113 shares during the period. Slate Path Capital LP bought a new stake in Antero Resources in the 4th quarter valued at $35,471,000. PNC Financial Services Group Inc. grew its holdings in shares of Antero Resources by 14.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,670 shares of the oil and natural gas company's stock worth $472,000 after purchasing an additional 1,461 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Antero Resources by 64.7% in 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 during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Trading Up 1.1%

Antero Resources stock traded up $0.3340 during trading hours on Thursday, reaching $30.9140. 3,353,448 shares of the company's stock traded hands, compared to its average volume of 5,086,221. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. Antero Resources Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $44.01. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 19.72 and a beta of 0.64. The firm's 50 day moving average is $36.15 and its 200-day moving average is $37.04.

Antero Resources (NYSE:AR - Get Free Report) last released its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The business's revenue for the quarter was up 32.6% on a year-over-year basis. On average, analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on AR. Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. UBS Group upgraded shares of Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price target on the stock in a research report on Wednesday. Morgan Stanley upped their price target on shares of Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Bank of America upped their price target 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, Roth Capital downgraded shares of 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 research report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $43.00.

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.