34,000 Shares in Antero Resources Corporation $AR Acquired by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd bought a new position in shares of Antero Resources Corporation (NYSE:AR) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 34,000 shares of the oil and natural gas company’s stock, valued at approximately $1,375,000. Antero Resources accounts for about 0.9% of Gordian Capital Singapore Pte Ltd’s holdings, making the stock its 28th largest position.

Other large investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new position in Antero Resources during the 1st quarter worth approximately $26,000. Mascagni Wealth Management Inc. acquired a new position in Antero Resources during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new position in Antero Resources during the 4th quarter worth approximately $35,000. Bessemer Group Inc. grew 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 acquiring an additional 411 shares in the last quarter. Finally, North Star Investment Management Corp. acquired a new position in Antero Resources during the 1st quarter worth approximately $44,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on AR shares. Morgan Stanley boosted their price target on shares of Antero Resources from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Roth Capital cut shares of Antero Resources from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $44.00 to $32.00 in a report on Monday, August 18th. Raymond James Financial boosted their price target on shares of Antero Resources from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 22nd. Bank of America upped their target price on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company set a $39.00 target price on shares of Antero Resources and gave the company an “equal weight” rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and an average target price of $43.65.

Antero Resources Stock Performance

Shares of AR stock opened at $32.13 on Friday. The stock has a 50 day simple moving average of $34.84 and a 200-day simple moving average of $36.72. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 20.47 and a beta of 0.64. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a 12-month low of $24.53 and a 12-month high of $44.01.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) 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 net margin of 10.13% and a return on equity of 6.48%. Antero Resources’s revenue was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.21) earnings per share. On average, equities analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current year.

About Antero Resources

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.