Sciencast Management LP Acquires 25,836 Shares of 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 lifted its position in Antero Resources Corporation (NYSE:AR - Free Report) by 52.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 74,742 shares of the oil and natural gas company's stock after purchasing an additional 25,836 shares during the quarter. Sciencast Management LP's holdings in Antero Resources were worth $3,023,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of Antero Resources in the 1st quarter worth about $6,761,000. CWM LLC grew its holdings in shares of 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 worth $1,323,000 after purchasing an additional 17,113 shares during the last quarter. 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. 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. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in Antero Resources during the 1st quarter worth about $538,000. Institutional investors own 83.04% of the company's stock.

Antero Resources Trading Up 0.8%

Antero Resources stock traded up $0.27 during trading hours on Friday, reaching $33.11. 2,788,347 shares of the company's stock traded hands, compared to its average volume of 4,625,165. 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 $25.36 and a fifty-two week high of $44.01. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 21.09 and a beta of 0.63. The firm's 50 day moving average is $33.13 and its 200-day moving average is $36.19.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). The firm 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% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.21) earnings per share. On average, analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on AR. Scotiabank reissued an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. Wells Fargo & Company set a $39.00 price objective on shares of Antero Resources and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Raymond James Financial increased their price objective on shares of Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Morgan Stanley increased their price objective on shares of Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, Bank of America increased their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.06.

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.