Voya Investment Management LLC Grows Position in Antero Resources Corporation $AR

Key Points

• Voya Investment Management LLC increased its stake in Antero Resources Corporation by 22.8%, acquiring an additional 34,311 shares during the first quarter, bringing their total ownership to 184,972 shares valued at approximately $7.48 million.
• Other institutional investors such as Invesco Ltd. and Ameriprise Financial Inc. have also significantly increased their holdings in Antero Resources, with Invesco growing its position by 44.3% to roughly 4.44 million shares.
• Antero Resources reported a quarterly earnings miss with an EPS of $0.35 compared to the expected $0.68, despite a 32.6% year-over-year revenue increase to $1.30 billion.

Voya Investment Management LLC increased its position in Antero Resources Corporation (NYSE:AR - Free Report) by 22.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 184,972 shares of the oil and natural gas company's stock after purchasing an additional 34,311 shares during the quarter. Voya Investment Management LLC owned approximately 0.06% of Antero Resources worth $7,480,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SVB Wealth LLC purchased a new position in shares of Antero Resources in the 1st quarter valued at approximately $26,000. Mascagni Wealth Management Inc. purchased a new position in shares of Antero Resources in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in Antero Resources during the 4th quarter valued at approximately $35,000. Bessemer Group Inc. increased 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 buying an additional 411 shares in the last quarter. Finally, North Star Investment Management Corp. bought a new position in Antero Resources during the 1st quarter valued at approximately $44,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Stock Down 0.8%

Shares of Antero Resources stock traded down $0.26 on Friday, reaching $31.64. The company's stock had a trading volume of 9,119,809 shares, compared to its average volume of 4,322,661. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 20.15 and a beta of 0.64. The firm's fifty day simple moving average is $32.73 and its two-hundred day simple moving average is $36.06. Antero Resources Corporation has a 52 week low of $25.36 and a 52 week high of $44.01. 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 (NYSE:AR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business posted ($0.21) EPS. The firm's revenue for the quarter was up 32.6% on a year-over-year basis. Equities analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AR. Raymond James Financial raised their price objective on Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 22nd. Morgan Stanley raised their price objective on Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. UBS Group reduced their price objective on Antero Resources from $43.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, September 15th. Roth Capital lowered Antero Resources from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $44.00 to $32.00 in a research report on Monday, August 18th. Finally, Mizuho reduced their target price on Antero Resources from $49.00 to $41.00 and set an "outperform" rating for the company in a report on Monday, September 15th. One 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. According to data from MarketBeat, Antero Resources currently has a consensus rating of "Moderate Buy" and an average 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.