Antero Resources Corporation $AR Stock Holdings Lifted by AlphaQuest LLC

AlphaQuest LLC raised its stake in Antero Resources Corporation (NYSE:AR) by 64.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,900 shares of the oil and natural gas company’s stock after buying an additional 4,278 shares during the period. AlphaQuest LLC’s holdings in Antero Resources were worth $439,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Beacon Harbor Wealth Advisors Inc. bought a new position in shares of Antero Resources in the first quarter valued at $6,761,000. CWM LLC increased its holdings in shares of Antero Resources by 109.6% in the first quarter. CWM LLC now owns 32,725 shares of the oil and natural gas company’s stock valued at $1,323,000 after buying an additional 17,113 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Antero Resources by 14.3% in the first quarter. PNC Financial Services Group Inc. now owns 11,670 shares of the oil and natural gas company’s stock valued at $472,000 after buying an additional 1,461 shares in the last quarter. Bessemer Group Inc. lifted 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 valued at $42,000 after acquiring an additional 411 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Antero Resources in the 1st quarter valued at approximately $538,000. Institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

AR has been the subject of several research analyst reports. Morgan Stanley reduced their price target on shares of Antero Resources from $47.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, October 14th. Jefferies Financial Group cut their target price on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 3rd. Raymond James Financial increased their target price on shares of Antero Resources from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 22nd. Citigroup upgraded shares of Antero Resources from a “neutral” rating to a “buy” rating and increased their target price for the stock from $37.00 to $39.00 in a research report on Tuesday, September 23rd. Finally, Zacks Research downgraded shares of Antero Resources from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Antero Resources Stock Down 1.0%

Antero Resources stock opened at $31.55 on Thursday. The company has a market capitalization of $9.75 billion, a P/E ratio of 20.10 and a beta of 0.56. The firm’s fifty day simple moving average is $32.48 and its 200-day simple moving average is $35.17. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a 1-year low of $25.36 and a 1-year high of $44.01.

Antero Resources (NYSE:AR) last released its quarterly 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). The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.21) EPS. Sell-side analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

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.