VELA Investment Management LLC Increases Holdings in Antero Resources Corporation $AR

Key Points

• VELA Investment Management LLC increased its holdings in Antero Resources Corporation by **26.6%** during the second quarter, owning a total of **71,024 shares** valued at about **$2.86 million**.
• Antero Resources reported a **net margin of 10.13%** and a **revenue of $1.30 billion** for the last quarter, missing the earnings per share estimate by **$0.33**.
• Brokerage firms have mixed views on Antero Resources with **one strong buy**, **ten buy**, and **six hold ratings**, while the average target price is set at **$44.13**.

VELA Investment Management LLC lifted its position in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 26.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,024 shares of the oil and natural gas company's stock after acquiring an additional 14,944 shares during the quarter. VELA Investment Management LLC's holdings in Antero Resources were worth $2,861,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AR. SVB Wealth LLC purchased a new stake in shares of Antero Resources during the 1st quarter worth approximately $26,000. Bessemer Group Inc. boosted its stake 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 worth $42,000 after acquiring an additional 411 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Antero Resources during the 1st quarter worth approximately $56,000. Fifth Third Bancorp boosted its stake in shares of Antero Resources by 17.2% during the 1st quarter. Fifth Third Bancorp now owns 3,008 shares of the oil and natural gas company's stock worth $122,000 after acquiring an additional 442 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in shares of Antero Resources during the 1st quarter worth approximately $142,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Trading Down 4.2%

Shares of AR opened at $30.78 on Friday. The stock has a fifty day moving average of $32.40 and a two-hundred day moving average of $35.37. 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 company has a market capitalization of $9.51 billion, a PE ratio of 19.61 and a beta of 0.56. Antero Resources Corporation has a fifty-two week low of $25.36 and a fifty-two week high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last issued 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 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 company's revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) earnings per share. As a group, analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AR. Citigroup upgraded Antero Resources from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $37.00 to $39.00 in a research report on Tuesday, September 23rd. Jefferies Financial Group cut their price objective on Antero Resources from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, October 3rd. Scotiabank restated an "outperform" rating on shares of Antero Resources in a research report on Wednesday, August 13th. Barclays cut their price objective on Antero Resources from $43.00 to $42.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 7th. Finally, Roth Capital downgraded Antero Resources from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $44.00 to $32.00 in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $44.13.

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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