Sciencast Management LP Increases Stock Holdings in Antero Resources Corporation $AR

Key Points

• Sciencast Management LP increased its position in Antero Resources Corporation by 52.8%, holding a total of 74,742 shares valued at approximately $3 million.
• Antero Resources reported earnings of $0.35 per share for the last quarter, missing estimates by $0.33, but saw revenue growth of 32.6% year-over-year.
• Analysts have a favorable view of Antero Resources, with a consensus rating of "Moderate Buy" and an average target price of $43.65.

Sciencast Management LP increased its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 52.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,742 shares of the oil and natural gas company's stock after acquiring an additional 25,836 shares during the period. Sciencast Management LP's holdings in Antero Resources were worth $3,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AR. Beacon Harbor Wealth Advisors Inc. acquired a new stake in Antero Resources in the 1st quarter valued at about $6,761,000. CWM LLC increased its stake in shares of Antero Resources by 109.6% during the first quarter. CWM LLC now owns 32,725 shares of the oil and natural gas company's stock worth $1,323,000 after buying an additional 17,113 shares during the period. PNC Financial Services Group Inc. raised its holdings in Antero Resources by 14.3% in the first quarter. PNC Financial Services Group Inc. now owns 11,670 shares of the oil and natural gas company's stock valued at $472,000 after acquiring an additional 1,461 shares in the last quarter. Bessemer Group Inc. grew 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 acquiring an additional 411 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in Antero Resources during the 1st quarter worth approximately $538,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. 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 report on Friday, May 23rd. Morgan Stanley increased their price objective on Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Raymond James Financial boosted their target price on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 22nd. Finally, 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 note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $44.06.

Antero Resources Price Performance

Shares of AR stock remained flat at $32.85 during trading hours on Thursday. The stock had a trading volume of 2,848,739 shares, compared to its average volume of 5,043,418. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 20.92 and a beta of 0.63. The stock has a fifty day moving average price of $33.30 and a 200 day moving average price of $36.26. Antero Resources Corporation has a 1-year low of $25.36 and a 1-year high of $44.01.

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 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). The business 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%. The business's revenue was up 32.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.21) earnings per share. As a group, equities analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current 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.