Watts Gwilliam & Co. LLC Purchases New Shares in Antero Resources Corporation $AR

Key Points

• Watts Gwilliam & Co. LLC purchased 110,076 shares of Antero Resources Corporation, valued at approximately $4.45 million, making it the 27th largest position in their portfolio.
• Research analysts have a consensus price target of $43.65 for Antero Resources, with ratings including one sell, eight holds, nine buys, and one strong buy.
• Antero Resources reported $0.35 EPS for the last quarter, missing estimates and showing a 32.6% increase in revenue compared to the same quarter last year.

Watts Gwilliam & Co. LLC purchased a new stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 110,076 shares of the oil and natural gas company's stock, valued at approximately $4,451,000. Antero Resources makes up 1.0% of Watts Gwilliam & Co. LLC's investment portfolio, making the stock its 27th largest position.

Other hedge funds also recently added to or reduced their stakes in the company. Beacon Harbor Wealth Advisors Inc. acquired a new position in Antero Resources during the 1st quarter worth $6,761,000. CWM LLC boosted its holdings in shares of Antero Resources by 109.6% in the 1st quarter. CWM LLC now owns 32,725 shares of the oil and natural gas company's stock valued at $1,323,000 after buying an additional 17,113 shares during the period. Slate Path Capital LP acquired a new position in shares of Antero Resources in the 4th quarter valued at about $35,471,000. PNC Financial Services Group Inc. boosted its holdings in shares of Antero Resources by 14.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,670 shares of the oil and natural gas company's stock valued at $472,000 after buying an additional 1,461 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Antero Resources by 64.7% in 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 during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Barclays lifted their price target on shares of Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a report on Wednesday. UBS Group lifted their price target on shares of Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company set a $39.00 price objective on shares of Antero Resources and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.65.

Antero Resources Stock Down 0.9%

AR stock opened at $32.06 on Monday. Antero Resources Corporation has a 52 week low of $24.53 and a 52 week high of $44.01. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 20.42 and a beta of 0.64. The firm's 50-day moving average is $36.67 and its two-hundred day moving average is $37.18. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly 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 company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm posted ($0.21) earnings per share. The firm's quarterly revenue was up 32.6% compared to the same quarter last year. On average, analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Corporation (NYSE:AR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.