Caitong International Asset Management Co. Ltd Takes $162,000 Position in Antero Resources Corporation $AR

Caitong International Asset Management Co. Ltd acquired a new stake in Antero Resources Corporation (NYSE:AR) in the 2nd quarter, Holdings Channel reports. The firm acquired 4,020 shares of the oil and natural gas company’s stock, valued at approximately $162,000.

Other hedge funds also recently modified their holdings of the company. SVB Wealth LLC bought a new stake in shares of Antero Resources in the first quarter valued at approximately $26,000. Bessemer Group Inc. boosted 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 during the period. Sunbelt Securities Inc. bought a new stake in shares of Antero Resources in the first quarter valued at approximately $56,000. FNY Investment Advisers LLC raised its stake in shares of Antero Resources by 9,900.0% in the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after purchasing an additional 1,485 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new position in shares of Antero Resources in the first quarter valued at $142,000. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Performance

Antero Resources stock opened at $32.83 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a fifty day moving average price of $32.35 and a two-hundred day moving average price of $35.17. Antero Resources Corporation has a 52-week low of $25.36 and a 52-week high of $44.01. The firm has a market capitalization of $10.14 billion, a P/E ratio of 20.91 and a beta of 0.56.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the company earned ($0.21) earnings per share. The business’s revenue was up 32.6% compared to the same quarter last year. As a group, analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Jefferies Financial Group cut their target price on Antero Resources from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. UBS Group cut their target price on Antero Resources from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, September 15th. Morgan Stanley cut their target price on Antero Resources from $47.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. Raymond James Financial upped their target price on Antero Resources from $57.00 to $58.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 22nd. Finally, Roth Capital lowered Antero Resources from a “buy” rating to a “neutral” rating and cut their target price for the company from $44.00 to $32.00 in a research note on Monday, August 18th. One equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus 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.