Connor Clark & Lunn Investment Management Ltd. Has $281,000 Stock Holdings in Antero Resources Corporation $AR

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Antero Resources Corporation (NYSE:AR) by 97.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,942 shares of the oil and natural gas company’s stock after selling 223,623 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Antero Resources were worth $281,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AR. Mascagni Wealth Management Inc. acquired a new stake in shares of Antero Resources during the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new position in shares of Antero Resources in the 4th quarter worth about $35,000. Bessemer Group Inc. raised its position 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 acquiring an additional 411 shares in the last quarter. North Star Investment Management Corp. bought a new position in shares of Antero Resources in the 1st quarter worth about $44,000. Finally, Sunbelt Securities Inc. bought a new stake in Antero Resources in the 1st quarter valued at about $56,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

AR has been the subject of a number of research analyst reports. Roth Capital lowered Antero Resources from a “buy” rating to a “neutral” rating and decreased their target price for the company from $44.00 to $32.00 in a research report on Monday. UBS Group raised Antero Resources from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday. Barclays boosted their target price on Antero Resources from $38.00 to $43.00 and gave the company an “equal weight” rating in a research report on Monday, July 7th. Morgan Stanley boosted their target price on Antero Resources from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Antero Resources Price Performance

AR stock opened at $30.5350 on Thursday. The company has a market capitalization of $9.43 billion, a P/E ratio of 19.45 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 Corporation has a 52-week low of $24.53 and a 52-week high of $44.01. The business has a 50-day simple moving average of $36.15 and a two-hundred day simple moving average of $37.04.

Antero Resources (NYSE:AR) 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 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 business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the firm earned ($0.21) EPS. Antero Resources’s quarterly revenue was up 32.6% on a year-over-year basis. Research analysts expect that Antero Resources Corporation will post 2.74 EPS 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.