Antero Resources Corporation $AR Holdings Raised by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC increased its position in Antero Resources Corporation (NYSE:AR) by 25.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,281,308 shares of the oil and natural gas company’s stock after acquiring an additional 259,067 shares during the period. Antero Resources makes up about 3.2% of HITE Hedge Asset Management LLC’s investment portfolio, making the stock its 6th biggest position. HITE Hedge Asset Management LLC’s holdings in Antero Resources were worth $51,816,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of Antero Resources during the 1st quarter worth approximately $6,761,000. CWM LLC increased its position in Antero Resources by 109.6% during the first quarter. CWM LLC now owns 32,725 shares of the oil and natural gas company’s stock worth $1,323,000 after buying an additional 17,113 shares in the last quarter. Slate Path Capital LP purchased a new position in Antero Resources during the fourth quarter worth $35,471,000. PNC Financial Services Group Inc. raised 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 worth $472,000 after acquiring an additional 1,461 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Antero Resources by 64.7% in the first 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. 83.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AR has been the subject of a number of recent research reports. Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a research report on Wednesday. Bank of America raised their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Morgan Stanley lifted their price objective on Antero Resources from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Roth Capital downgraded Antero Resources from a “buy” rating to a “neutral” rating and set a $32.00 target price on the stock. in a research report on Monday. Finally, Mizuho raised Antero Resources from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.00.

Antero Resources Price Performance

Shares of NYSE AR opened at $32.06 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $44.01. The business has a 50 day moving average price of $36.67 and a two-hundred day moving average price of $37.18. The firm has a market cap of $9.90 billion, a PE ratio of 20.42 and a beta of 0.64.

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 company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%. The firm’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.21) EPS. Sell-side analysts expect 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.