12,155 Shares in Antero Resources Corporation $AR Acquired by TCV Trust & Wealth Management Inc.

Key Points

• TCV Trust & Wealth Management Inc. acquired a new stake in Antero Resources Corporation, purchasing 12,155 shares valued at approximately $490,000 in the second quarter.
• Institutional investors and hedge funds hold 83.04% of Antero Resources' stock, indicating significant interest from large financial entities.
• Analysts have varying projections for the stock, with Bank of America increasing their target price from $44.00 to $47.00, while Mizuho lowered it from $49.00 to $41.00, reflecting mixed sentiments about the company's outlook.

TCV Trust & Wealth Management Inc. bought a new position in Antero Resources Corporation (NYSE:AR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,155 shares of the oil and natural gas company's stock, valued at approximately $490,000.

Several other large investors have also made changes to their positions in the company. SVB Wealth LLC acquired a new position in Antero Resources during the 1st quarter worth about $26,000. Mascagni Wealth Management Inc. acquired a new position in Antero Resources during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new position in Antero Resources during the 4th quarter valued at about $35,000. Bessemer Group Inc. lifted its position 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 valued at $42,000 after purchasing an additional 411 shares during the period. Finally, North Star Investment Management Corp. acquired a new position in Antero Resources during the 1st quarter valued at about $44,000. Institutional investors own 83.04% of the company's stock.

Antero Resources Trading Up 2.7%

Shares of NYSE:AR traded up $0.87 during midday trading on Monday, hitting $32.57. 4,556,477 shares of the stock were exchanged, compared to its average volume of 5,037,586. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 20.75 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The business's 50-day moving average price is $32.73 and its 200 day moving average price is $36.06. Antero Resources Corporation has a 12 month low of $25.36 and a 12 month high of $44.01.

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

Wall Street Analysts Forecast Growth

AR has been the topic of a number of analyst reports. Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a research report on Wednesday, August 13th. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the stock an "equal weight" rating in a research note on Tuesday, July 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 research note on Monday, August 18th. UBS Group lowered their target price on Antero Resources from $43.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, September 15th. Finally, Morgan Stanley raised their price target on shares of Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.50.

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.