Virtu Financial LLC Invests $713,000 in Antero Resources Corporation (NYSE:AR)

Key Points

• Virtu Financial LLC has invested approximately $713,000 in Antero Resources Corporation by acquiring 17,643 shares in the first quarter.
• Antero Resources reported an EPS of $0.35 for the last quarter, which was below the consensus estimate of $0.68, despite achieving a revenue of $1.30 billion.
• Analyst ratings for Antero Resources have generally improved, with several firms raising their target prices, reflecting a consensus target price of $43.53.

Virtu Financial LLC bought a new position in Antero Resources Corporation (NYSE:AR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,643 shares of the oil and natural gas company's stock, valued at approximately $713,000.

Several other large investors have also recently modified their holdings of the business. Entropy Technologies LP increased its stake in shares of Antero Resources by 42.4% in the first quarter. Entropy Technologies LP now owns 77,883 shares of the oil and natural gas company's stock worth $3,150,000 after purchasing an additional 23,178 shares in the last quarter. Invesco Ltd. grew its stake in Antero Resources by 44.3% during the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company's stock valued at $179,567,000 after acquiring an additional 1,362,370 shares in the last quarter. Townsquare Capital LLC grew its stake in Antero Resources by 46.8% during the first quarter. Townsquare Capital LLC now owns 24,635 shares of the oil and natural gas company's stock valued at $996,000 after acquiring an additional 7,857 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. purchased a new position in Antero Resources during the first quarter valued at approximately $6,761,000. Finally, Deutsche Bank AG grew its stake in Antero Resources by 34.7% during the first quarter. Deutsche Bank AG now owns 388,355 shares of the oil and natural gas company's stock valued at $15,705,000 after acquiring an additional 100,065 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Stock Down 0.1%

Shares of NYSE AR opened at $32.36 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a 52 week low of $24.53 and a 52 week high of $44.01. The firm's fifty day moving average is $36.99 and its 200 day moving average is $37.29. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 20.61 and a beta of 0.64.

Antero Resources (NYSE:AR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%. The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the previous year, the firm earned ($0.21) earnings per share. The firm's quarterly revenue was up 32.6% compared to the same quarter last year. On average, equities research analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on AR shares. UBS Group boosted their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Morgan Stanley boosted their price objective on shares of Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Scotiabank boosted their price objective on shares of Antero Resources from $46.00 to $53.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. Bank of America boosted their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Barclays lifted their target price on shares of Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.53.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction on Friday, May 16th. The shares were sold at an average price of $39.86, for a total value of $1,004,472.00. Following the transaction, the insider directly owned 306,819 shares of the company's stock, valued at $12,229,805.34. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is currently owned by insiders.

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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