171,601 Shares in Antero Resources Corporation $AR Bought by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. bought a new stake in Antero Resources Corporation (NYSE:AR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 171,601 shares of the oil and natural gas company’s stock, valued at approximately $5,759,000. BW Gestao de Investimentos Ltda. owned approximately 0.06% of Antero Resources at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. NewEdge Advisors LLC increased its position in Antero Resources by 16,498.3% during the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after purchasing an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Antero Resources by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock worth $23,882,000 after acquiring an additional 43,312 shares during the last quarter. Focus Partners Wealth raised its holdings in Antero Resources by 18.9% during the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after purchasing an additional 3,169 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Antero Resources by 5.2% during the second quarter. Envestnet Asset Management Inc. now owns 43,990 shares of the oil and natural gas company’s stock worth $1,772,000 after buying an additional 2,174 shares during the last quarter. Finally, Huntington National Bank raised its position in shares of Antero Resources by 91.3% in the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after acquiring an additional 313 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Performance

NYSE:AR opened at $39.04 on Tuesday. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $44.01. The firm has a market cap of $12.05 billion, a price-to-earnings ratio of 19.33 and a beta of 0.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. The business’s fifty day moving average is $34.43 and its 200 day moving average is $33.78.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business earned $0.48 earnings per share. Antero Resources’s revenue was up 20.8% compared to the same quarter last year. Research analysts predict that Antero Resources Corporation will post 2.74 EPS for the current year.

Wall Street Analysts Forecast Growth

AR has been the subject of several research analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $39.00 price objective (down from $44.00) on shares of Antero Resources in a research note on Monday, December 8th. BMO Capital Markets increased their price objective on Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 9th. Roth Mkm reiterated a “neutral” rating and issued a $36.00 target price on shares of Antero Resources in a report on Monday, December 8th. Mizuho set a $47.00 price target on Antero Resources in a research report on Friday, December 12th. Finally, TD Cowen raised shares of Antero Resources to a “strong-buy” rating in a research report on Monday, February 9th. Four equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.87.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.