Antero Resources Corporation $AR Position Increased by Voleon Capital Management LP

Key Points

• Voleon Capital Management LP increased its position in Antero Resources Corporation by 134.8%, owning 106,996 shares valued at approximately $4.33 million after acquiring an additional 61,431 shares.
• Analysts have mixed opinions on Antero Resources, with one firm downgrading the stock to "neutral" while others raised their price targets, resulting in a consensus rating of "Moderate Buy" and an average price target of $43.65.
• Antero Resources reported a $0.35 earnings per share for the last quarter, which fell short of analyst expectations of $0.68, despite a year-over-year revenue increase of 32.6%.

Voleon Capital Management LP raised its position in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 134.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,996 shares of the oil and natural gas company's stock after purchasing an additional 61,431 shares during the quarter. Voleon Capital Management LP's holdings in Antero Resources were worth $4,327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AR. Mercer Global Advisors Inc. ADV boosted its stake in Antero Resources by 2.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company's stock valued at $503,000 after purchasing an additional 370 shares in the last quarter. Bank of America Corp DE boosted its stake in Antero Resources by 145.1% during the 4th quarter. Bank of America Corp DE now owns 386,725 shares of the oil and natural gas company's stock valued at $13,555,000 after purchasing an additional 1,245,101 shares in the last quarter. Captrust Financial Advisors boosted its stake in Antero Resources by 3.4% during the 4th quarter. Captrust Financial Advisors now owns 21,008 shares of the oil and natural gas company's stock valued at $736,000 after purchasing an additional 681 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Antero Resources by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company's stock worth $493,000 after acquiring an additional 319 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Antero Resources by 3.2% during the 4th quarter. Deutsche Bank AG now owns 288,290 shares of the oil and natural gas company's stock worth $10,105,000 after acquiring an additional 8,948 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Price Performance

Shares of AR remained flat at $32.85 during mid-day trading on Thursday. The stock had a trading volume of 2,848,739 shares, compared to its average volume of 5,043,418. The company has a 50-day moving average price of $33.30 and a two-hundred day moving average price of $36.26. The company has a market cap of $10.15 billion, a P/E ratio of 20.92 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. 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 released its 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 business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. Antero Resources's revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.21) EPS. On average, analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AR. Wells Fargo & Company set a $39.00 price objective on Antero Resources and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Morgan Stanley boosted their price objective on Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. 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 report on Monday, August 18th. Raymond James Financial boosted their price objective on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Finally, UBS Group upgraded Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price objective on the stock in a report on Wednesday, August 20th. One equities 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 company's stock. Based on data from MarketBeat.com, Antero Resources currently has an average rating of "Moderate Buy" and an average target price of $44.06.

Antero Resources 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.