Spirepoint Private Client LLC Makes New $1.14 Million Investment in Antero Resources Corporation $AR

Key Points

• Spirepoint Private Client LLC made a new investment of approximately $1.14 million in Antero Resources, purchasing 28,229 shares during the second quarter.
• Antero Resources reported earnings per share (EPS) of $0.35, missing analysts' estimates of $0.68, even as their revenue increased by 32.6% year-over-year.
• Analyst ratings for Antero Resources show a consensus of Moderate Buy with a target price of $43.75, reflecting positive market sentiment despite recent cuts in price targets from some brokerages.

Spirepoint Private Client LLC purchased a new stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,229 shares of the oil and natural gas company's stock, valued at approximately $1,137,000.

Other large investors also recently made changes to their positions in the company. SVB Wealth LLC bought a new stake in Antero Resources during the 1st quarter worth approximately $26,000. Mascagni Wealth Management Inc. bought a new position in shares of Antero Resources in the 4th quarter valued at about $31,000. Bessemer Group Inc. raised its stake in 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 buying an additional 411 shares during the period. North Star Investment Management Corp. acquired a new position in shares of Antero Resources in the first quarter valued at $44,000. Finally, Sunbelt Securities Inc. bought a new position in Antero Resources in the 1st quarter valued at about $56,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Trading Up 0.2%

Shares of Antero Resources stock opened at $34.11 on Friday. The stock's 50-day simple moving average is $32.44 and its 200 day simple moving average is $36.01. The stock has a market capitalization of $10.54 billion, a P/E ratio of 21.72 and a beta of 0.63. Antero Resources Corporation has a 52-week low of $25.36 and a 52-week high of $44.01. 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 (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 (EPS) 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 analysts' expectations 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 period 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 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AR. Mizuho cut their price target on Antero Resources from $49.00 to $41.00 and set an "outperform" rating for the company in a research note on Monday, September 15th. Roth Capital cut Antero Resources from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $44.00 to $32.00 in a report on Monday, August 18th. Wells Fargo & Company set a $39.00 price objective on shares of Antero Resources and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Citigroup raised shares of Antero Resources from a "neutral" rating to a "buy" rating and upped their price objective for the company from $37.00 to $39.00 in a research note on Tuesday. Finally, Barclays raised 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.75.

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.

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