Antero Resources Corporation $AR Shares Sold by Versor Investments LP

Versor Investments LP reduced its position in shares of Antero Resources Corporation (NYSE:AR) by 23.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,310 shares of the oil and natural gas company’s stock after selling 1,590 shares during the period. Versor Investments LP’s holdings in Antero Resources were worth $215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AR. Mascagni Wealth Management Inc. acquired a new stake in Antero Resources during the fourth quarter worth about $31,000. Capital A Wealth Management LLC acquired a new stake in Antero Resources during the fourth quarter worth about $35,000. Bessemer Group Inc. increased its position in Antero Resources by 64.7% during the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock worth $42,000 after purchasing an additional 411 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in Antero Resources during the first quarter worth about $44,000. Finally, Sunbelt Securities Inc. acquired a new stake in Antero Resources during the first quarter worth about $56,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Trading Up 0.3%

Shares of AR stock opened at $30.8050 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $9.52 billion, a P/E ratio of 19.62 and a beta of 0.64. The company has a 50 day moving average price of $35.74 and a 200 day moving average price of $36.93. Antero Resources Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $44.01.

Antero Resources (NYSE:AR) last announced its quarterly earnings data 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 business had revenue of $1.30 billion during 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%. The company’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) EPS. Equities research analysts predict that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on AR. Morgan Stanley lifted their price target on shares of Antero Resources from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Raymond James Financial lifted their price target on shares of Antero Resources from $57.00 to $58.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 22nd. Bank of America lifted their price target on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Wells Fargo & Company set a $39.00 price target on shares of Antero Resources and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. Finally, Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.00.

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.