Voya Investment Management LLC Acquires 34,311 Shares of Antero Resources Corporation $AR

Voya Investment Management LLC grew its stake in Antero Resources Corporation (NYSE:AR) by 22.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,972 shares of the oil and natural gas company’s stock after acquiring an additional 34,311 shares during the quarter. Voya Investment Management LLC owned 0.06% of Antero Resources worth $7,480,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Invesco Ltd. grew its position in Antero Resources by 44.3% during the 1st quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock valued at $179,567,000 after purchasing an additional 1,362,370 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Antero Resources by 10.7% in the first quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company’s stock worth $178,868,000 after buying 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 first 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 buying an additional 2,137,538 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Antero Resources by 46.1% during the first 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 acquiring an additional 721,767 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Antero Resources by 2.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,003,424 shares of the oil and natural gas company’s stock valued at $81,018,000 after acquiring an additional 41,780 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Price Performance

NYSE AR opened at $32.27 on Thursday. The company has a 50-day moving average price of $32.90 and a 200-day moving average price of $36.12. Antero Resources Corporation has a 52 week low of $25.36 and a 52 week high of $44.01. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $9.97 billion, a P/E ratio of 20.55 and a beta of 0.63.

Antero Resources (NYSE:AR) last posted 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 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 period in the previous year, the business posted ($0.21) EPS. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. Equities research analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AR shares. Mizuho cut their target price on Antero Resources from $49.00 to $41.00 and set an “outperform” rating on the stock in a research note on Monday. Raymond James Financial upped their price target on Antero Resources from $57.00 to $58.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 22nd. UBS Group dropped their price objective on Antero Resources from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday. Bank of America boosted their target price on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Finally, Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and an average target price of $43.50.

Antero Resources 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.