Strs Ohio Makes New Investment in Antero Resources Corporation $AR

Key Points

• Strs Ohio has acquired a new stake in Antero Resources, purchasing 216,535 shares valued at approximately $8.76 million, making up about 0.07% of the company.
• Despite missing earnings expectations with an EPS of $0.35 against a consensus estimate of $0.68, Antero Resources reported a 32.6% increase in revenue year-over-year.
• Analyst ratings for Antero Resources vary, with one brokerage downgrading the stock to a "neutral" rating while others have issued "buy" ratings, reflecting a consensus rating of "Moderate Buy."

Strs Ohio purchased a new stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 216,535 shares of the oil and natural gas company's stock, valued at approximately $8,757,000. Strs Ohio owned about 0.07% of Antero Resources at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. SVB Wealth LLC bought a new stake in shares of Antero Resources during the 1st quarter valued at about $26,000. Mascagni Wealth Management Inc. bought a new stake in shares of Antero Resources during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in shares of Antero Resources during the 4th quarter valued at about $35,000. Bessemer Group Inc. boosted its position in shares of 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 valued at $42,000 after acquiring an additional 411 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new stake in shares of Antero Resources during the 1st quarter valued at about $44,000. Institutional investors own 83.04% of the company's stock.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $33.11 on Friday. 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 business's 50 day simple moving average is $33.13 and its two-hundred day simple moving average is $36.19. The stock has a market capitalization of $10.23 billion, a P/E ratio of 21.09 and a beta of 0.63. Antero Resources Corporation has a one year low of $25.36 and a one year high of $44.01.

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 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). The company 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%.Antero Resources's revenue for the quarter was up 32.6% on a year-over-year basis. During the same period last year, the firm earned ($0.21) earnings per share. Analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AR. Roth Capital downgraded Antero Resources from a "buy" rating to a "neutral" rating and dropped their price target for the company from $44.00 to $32.00 in a research report on Monday, August 18th. Barclays boosted their target price on Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Scotiabank restated an "outperform" rating on shares of Antero Resources in a research report on Wednesday, August 13th. 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 report on Tuesday, July 22nd. Finally, UBS Group upgraded Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 target price for the company in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $44.06.

About Antero Resources

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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