Edgestream Partners L.P. Invests $3.02 Million in Antero Resources Corporation $AR

Edgestream Partners L.P. purchased a new position in Antero Resources Corporation (NYSE:AR) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 74,860 shares of the oil and natural gas company’s stock, valued at approximately $3,015,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AR. SVB Wealth LLC purchased a new stake in Antero Resources during the first quarter worth $26,000. Huntington National Bank raised its stake in shares of Antero Resources by 91.3% during the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after buying an additional 313 shares during the last quarter. FNY Investment Advisers LLC boosted its position in shares of Antero Resources by 9,900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock worth $60,000 after buying an additional 1,485 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Antero Resources in the 2nd quarter valued at about $162,000. Finally, Geneos Wealth Management Inc. grew its stake in Antero Resources by 10.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,054 shares of the oil and natural gas company’s stock valued at $164,000 after acquiring an additional 371 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AR. 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, September 15th. JPMorgan Chase & Co. cut their price objective on Antero Resources from $49.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Jefferies Financial Group reduced their target price on Antero Resources from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Wells Fargo & Company raised Antero Resources from an “equal weight” rating to an “overweight” rating and set a $39.00 price target for the company in a research report on Monday, November 3rd. Finally, Zacks Research raised Antero Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

Insiders Place Their Bets

In other Antero Resources news, insider Brendan E. Krueger purchased 5,000 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $33.35 per share, with a total value of $166,750.00. Following the purchase, the insider owned 295,917 shares in the company, valued at approximately $9,868,831.95. This represents a 1.72% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.30% of the company’s stock.

Antero Resources Stock Up 0.5%

AR stock opened at $36.59 on Friday. The company has a 50 day moving average price of $33.47 and a two-hundred day moving average price of $34.84. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $11.29 billion, a P/E ratio of 19.46 and a beta of 0.57. Antero Resources Corporation has a one year low of $29.10 and a one year high of $44.01.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) EPS. As a group, sell-side analysts expect that Antero Resources Corporation will post 2.74 EPS for the current 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 in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.