Antero Resources Corporation $AR Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. raised its position in Antero Resources Corporation (NYSE:AR) by 10.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,054 shares of the oil and natural gas company’s stock after acquiring an additional 371 shares during the period. Geneos Wealth Management Inc.’s holdings in Antero Resources were worth $164,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in shares of Antero Resources by 2.3% in the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company’s stock worth $493,000 after acquiring an additional 319 shares during the period. World Investment Advisors lifted its stake in shares of Antero Resources by 5.0% in the first quarter. World Investment Advisors now owns 7,105 shares of the oil and natural gas company’s stock valued at $287,000 after purchasing an additional 341 shares during the period. Bessemer Group Inc. lifted its stake in shares of Antero Resources by 64.7% in the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock valued at $42,000 after purchasing an additional 411 shares during the period. Ballentine Partners LLC lifted its stake in shares of Antero Resources by 7.1% in the first quarter. Ballentine Partners LLC now owns 6,282 shares of the oil and natural gas company’s stock valued at $254,000 after purchasing an additional 419 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Antero Resources by 17.2% in the first 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 during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Price Performance

AR opened at $32.83 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a 52-week low of $25.36 and a 52-week high of $44.01. The company has a 50 day moving average of $32.96 and a two-hundred day moving average of $36.14. The company has a market cap of $10.14 billion, a P/E ratio of 20.91 and a beta of 0.63.

Antero Resources (NYSE:AR) last released 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). 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 for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. Antero Resources’s quarterly revenue was up 32.6% compared to the same quarter last year. On average, analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on AR. Roth Capital cut shares of Antero Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $44.00 to $32.00 in a research note on Monday, August 18th. Bank of America raised their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. UBS Group cut their target price on shares of Antero Resources from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Monday. Scotiabank restated an “outperform” rating on shares of Antero Resources in a research report on Wednesday, August 13th. Finally, Mizuho cut their target price on shares of Antero Resources from $49.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.50.

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.