Toroso Investments LLC Boosts Stock Position in Antero Resources Co. (NYSE:AR)

Toroso Investments LLC grew its holdings in shares of Antero Resources Co. (NYSE:AR) by 106.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,706 shares of the oil and natural gas company’s stock after buying an additional 19,481 shares during the quarter. Toroso Investments LLC’s holdings in Antero Resources were worth $871,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AR. Captrust Financial Advisors raised its stake in Antero Resources by 1.4% during the third quarter. Captrust Financial Advisors now owns 30,771 shares of the oil and natural gas company’s stock worth $939,000 after acquiring an additional 414 shares during the period. Mariner LLC raised its position in shares of Antero Resources by 4.1% during the 4th quarter. Mariner LLC now owns 10,688 shares of the oil and natural gas company’s stock worth $331,000 after purchasing an additional 425 shares during the period. Arizona State Retirement System lifted its holdings in shares of Antero Resources by 0.7% in the 1st quarter. Arizona State Retirement System now owns 78,269 shares of the oil and natural gas company’s stock worth $1,807,000 after purchasing an additional 528 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Antero Resources by 4.5% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 13,676 shares of the oil and natural gas company’s stock valued at $316,000 after purchasing an additional 595 shares during the period. Finally, Pin Oak Investment Advisors Inc. grew its stake in Antero Resources by 2.1% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 34,813 shares of the oil and natural gas company’s stock worth $1,079,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 80.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on AR shares. Siebert Williams Shank assumed coverage on shares of Antero Resources in a research note on Friday, June 30th. They set a “hold” rating and a $27.00 target price for the company. Morgan Stanley cut their target price on Antero Resources from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 18th. The Goldman Sachs Group increased their price target on Antero Resources from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Benchmark lowered their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, July 14th. Finally, TheStreet downgraded shares of Antero Resources from a “b-” rating to a “c+” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Antero Resources presently has an average rating of “Hold” and an average price target of $33.83.

Antero Resources Trading Down 1.1 %

Antero Resources stock opened at $26.20 on Tuesday. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 5.90 and a beta of 3.49. Antero Resources Co. has a 1 year low of $19.91 and a 1 year high of $40.19. The firm’s 50 day moving average price is $26.34 and its two-hundred day moving average price is $23.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.26 and a current ratio of 0.26.

Antero Resources (NYSE:AR) last announced its earnings results on Thursday, July 27th. The oil and natural gas company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01. Antero Resources had a return on equity of 13.17% and a net margin of 21.81%. The company had revenue of $953.31 million for the quarter, compared to analyst estimates of $935.87 million. During the same period in the previous year, the firm earned $1.69 earnings per share. Antero Resources’s revenue for the quarter was down 56.7% compared to the same quarter last year. On average, research analysts predict that Antero Resources Co. will post 0.37 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 through three segments: Exploration, Development and Production of Natural Gas, NGLs and Oil; Marketing and Utilization of Excess Firm Transportation Capacity; and Midstream Services Through Our Equity Method Investment in Antero Midstream.