Antero Resources Corporation $AR Holdings Raised 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 increased its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 134.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,996 shares of the oil and natural gas company's stock after buying an additional 61,431 shares during the period. Voleon Capital Management LP's holdings in Antero Resources were worth $4,327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AR. SVB Wealth LLC bought a new stake in shares of Antero Resources in the first quarter worth $26,000. Mascagni Wealth Management Inc. bought a new stake in shares of Antero Resources in the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in shares of Antero Resources in the fourth quarter worth $35,000. Bessemer Group Inc. boosted its holdings in Antero Resources by 64.7% in the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock worth $42,000 after purchasing an additional 411 shares during the period. Finally, North Star Investment Management Corp. acquired a new position in Antero Resources in the first quarter worth $44,000. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Performance

AR stock traded up $0.27 during mid-day trading on Friday, reaching $33.11. The company had a trading volume of 2,788,347 shares, compared to its average volume of 4,625,165. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. 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. The stock's 50-day simple moving average is $33.13 and its two-hundred day simple moving average is $36.19.

Antero Resources (NYSE:AR - Get Free Report) last posted 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 company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business's quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) earnings per share. Research analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AR shares. Wells Fargo & Company set a $39.00 price objective on shares of Antero Resources and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Raymond James Financial lifted their price objective on shares of Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Barclays lifted their price objective on shares of Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Roth Capital downgraded shares of Antero Resources from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $44.00 to $32.00 in a report on Monday, August 18th. Finally, Morgan Stanley lifted their price objective on shares of Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.