Antero Resources Corporation $AR Shares Sold by Yorktown Energy Partners VIII L.P.

Key Points

• Yorktown Energy Partners VIII L.P. reduced its stake in Antero Resources Corporation by 45.0%, selling 900,000 shares during the first quarter, which brought their total ownership to 1,100,000 shares.
• Various analysts have recently adjusted their price targets, with estimates ranging from $32.00 to $58.00, and a consensus rating of "Moderate Buy" for the stock.
• Antero Resources reported a loss of $0.33 EPS for the last quarter, failing to meet the analysts' consensus estimate of $0.68, despite a year-over-year revenue increase of 32.6%.

Yorktown Energy Partners VIII L.P. decreased its position in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 45.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,100,000 shares of the oil and natural gas company's stock after selling 900,000 shares during the quarter. Antero Resources accounts for approximately 84.1% of Yorktown Energy Partners VIII L.P.'s investment portfolio, making the stock its largest position. Yorktown Energy Partners VIII L.P. owned 0.35% of Antero Resources worth $44,484,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sourcerock Group LLC lifted its position in Antero Resources by 3.8% during the fourth quarter. Sourcerock Group LLC now owns 6,355,724 shares of the oil and natural gas company's stock worth $222,768,000 after purchasing an additional 231,068 shares during the period. Invesco Ltd. lifted its holdings in shares of Antero Resources by 44.3% in the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company's stock worth $179,567,000 after acquiring an additional 1,362,370 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Antero Resources by 10.7% in the 1st quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company's stock valued at $178,868,000 after purchasing an additional 428,167 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Antero Resources by 133.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company's stock valued at $151,406,000 after purchasing an additional 2,137,538 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Antero Resources by 46.1% during the 1st quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company's stock valued at $92,563,000 after purchasing an additional 721,767 shares during the last quarter. Institutional investors own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AR shares. 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. Morgan Stanley lifted their price target on shares of Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Bank of America lifted their price target on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. Finally, Roth Capital lowered shares of Antero Resources from a "buy" rating to a "neutral" rating and decreased their price target for the company from $44.00 to $32.00 in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $44.06.

Antero Resources Trading Up 0.8%

Shares of Antero Resources stock traded up $0.27 during trading on Friday, hitting $33.11. The company's stock had a trading volume of 2,788,347 shares, compared to its average volume of 4,625,165. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 21.09 and a beta of 0.63. The stock has a 50-day moving average price of $33.13 and a two-hundred day moving average price of $36.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30. Antero Resources Corporation has a 52 week low of $25.36 and a 52 week high of $44.01.

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 for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business's revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.21) EPS. Equities research analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Antero Resources Company 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.