Antero Resources Corporation $AR is Yorktown Energy Partners VIII L.P.'s Largest Position

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. lessened its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 45.0% in the 1st quarter, according to its most recent filing with the SEC. 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 portfolio, making the stock its biggest position. Yorktown Energy Partners VIII L.P. owned approximately 0.35% of Antero Resources worth $44,484,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mercer Global Advisors Inc. ADV lifted its stake in Antero Resources by 2.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company's stock worth $503,000 after acquiring an additional 370 shares during the last quarter. Bank of America Corp DE increased its position in shares of Antero Resources by 145.1% in the 4th quarter. Bank of America Corp DE now owns 386,725 shares of the oil and natural gas company's stock valued at $13,555,000 after purchasing an additional 1,245,101 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Antero Resources by 3.4% in the 4th quarter. Captrust Financial Advisors now owns 21,008 shares of the oil and natural gas company's stock valued at $736,000 after purchasing an additional 681 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Antero Resources by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company's stock worth $493,000 after purchasing an additional 319 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Antero Resources by 3.2% during the 4th quarter. Deutsche Bank AG now owns 288,290 shares of the oil and natural gas company's stock worth $10,105,000 after purchasing an additional 8,948 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Performance

Antero Resources stock remained flat at $32.85 during midday trading on Thursday. 2,848,739 shares of the company's stock traded hands, compared to its average volume of 4,672,998. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market cap of $10.15 billion, a PE ratio of 20.92 and a beta of 0.63. Antero Resources Corporation has a 52 week low of $25.36 and a 52 week high of $44.01. The business has a 50-day moving average price of $33.22 and a 200 day moving average price of $36.23.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.33). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.Antero Resources's quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.21) EPS. On average, equities research analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on AR shares. Morgan Stanley increased their target price on Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Wells Fargo & Company set a $39.00 price objective on Antero Resources and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Raymond James Financial raised their target price on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. UBS Group raised Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price target for the company in a report on Wednesday, August 20th. Finally, Barclays increased their price target on shares of Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $44.06.

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.