Wealth Enhancement Advisory Services LLC Acquires 9,854 Shares of Antero Resources Corporation $AR

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Antero Resources Corporation by 30.4% during the 2nd quarter, acquiring an additional 9,854 shares, bringing its total holdings to 42,238 shares valued at $1,574,000.
• Antero Resources reported earnings of $0.35 per share for the most recent quarter, missing the consensus estimate by $0.33, despite revenue meeting expectations at $1.30 billion.
• Analysts have set a consensus target price of $43.75 for Antero Resources, with ratings ranging from Strong Buy to Hold, reflecting varying outlooks on the company's performance.

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 30.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,238 shares of the oil and natural gas company's stock after purchasing an additional 9,854 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Antero Resources were worth $1,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AR. SVB Wealth LLC bought a new stake in Antero Resources during the 1st quarter valued at approximately $26,000. 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 worth $42,000 after purchasing an additional 411 shares during the period. North Star Investment Management Corp. bought a new stake in shares of Antero Resources during the 1st quarter worth approximately $44,000. Sunbelt Securities Inc. bought a new stake in Antero Resources during the 1st quarter valued at $56,000. Finally, Fifth Third Bancorp raised its position in Antero Resources by 17.2% during the 1st quarter. Fifth Third Bancorp now owns 3,008 shares of the oil and natural gas company's stock valued at $122,000 after purchasing an additional 442 shares in the last quarter. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Performance

Shares of AR stock opened at $33.57 on Tuesday. The company's 50-day simple moving average is $32.46 and its 200-day simple moving average is $35.98. Antero Resources Corporation has a one year low of $25.36 and a one year high of $44.01. The stock has a market capitalization of $10.37 billion, a price-to-earnings ratio of 21.38 and a beta of 0.64. 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 posted its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company's revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.21) earnings per share. Equities analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on AR. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. UBS Group dropped their price target 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 lowered their price target for the stock from $44.00 to $32.00 in a research report on Monday, August 18th. Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a research note on Wednesday, August 13th. 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, nine have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.75.

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.

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