Yousif Capital Management LLC Has $4.14 Million Holdings in Antero Resources Corporation $AR

Yousif Capital Management LLC reduced its holdings in Antero Resources Corporation (NYSE:AR) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,675 shares of the oil and natural gas company’s stock after selling 1,774 shares during the quarter. Yousif Capital Management LLC’s holdings in Antero Resources were worth $4,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. SVB Wealth LLC acquired a new position in Antero Resources during the 1st quarter worth $26,000. Bessemer Group Inc. lifted its holdings in Antero Resources by 64.7% during the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock worth $42,000 after buying an additional 411 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in Antero Resources during the 1st quarter worth $56,000. Fifth Third Bancorp lifted its holdings in Antero Resources by 17.2% during the 1st quarter. Fifth Third Bancorp now owns 3,008 shares of the oil and natural gas company’s stock worth $122,000 after buying an additional 442 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new position in Antero Resources during the 1st quarter worth $142,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $32.17 on Thursday. The firm has a fifty day moving average of $32.44 and a two-hundred day moving average of $35.44. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 20.49 and a beta of 0.56. Antero Resources Corporation has a 52 week low of $25.36 and a 52 week high of $44.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm posted ($0.21) EPS. The business’s revenue was up 32.6% on a year-over-year basis. As a group, equities research analysts predict that Antero Resources Corporation will post 2.74 EPS for the current year.

Analyst Upgrades and Downgrades

AR has been the topic of several research reports. Jefferies Financial Group reduced their price objective on Antero Resources from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. Roth Capital downgraded Antero Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $44.00 to $32.00 in a report on Monday, August 18th. Morgan Stanley reduced their price objective on Antero Resources from $47.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday. UBS Group dropped 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, September 15th. Finally, Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.13.

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.