Cypress Wealth Services LLC Buys Shares of 5,030 Antero Resources Corporation $AR

Cypress Wealth Services LLC bought a new stake in shares of Antero Resources Corporation (NYSE:AR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 5,030 shares of the oil and natural gas company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. SVB Wealth LLC acquired a new position in shares of Antero Resources in the 1st quarter valued at $26,000. Bessemer Group Inc. grew its holdings in shares of Antero Resources by 64.7% in the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock valued at $42,000 after buying an additional 411 shares during the period. North Star Investment Management Corp. acquired a new position in shares of Antero Resources in the 1st quarter valued at $44,000. Sunbelt Securities Inc. acquired a new position in shares of Antero Resources in the 1st quarter valued at $56,000. Finally, Fifth Third Bancorp grew its holdings in shares of Antero Resources by 17.2% in the 1st quarter. Fifth Third Bancorp now owns 3,008 shares of the oil and natural gas company’s stock valued at $122,000 after buying an additional 442 shares during the period. Institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of NYSE AR opened at $31.60 on Wednesday. The firm has a market cap of $9.76 billion, a PE ratio of 20.13 and a beta of 0.56. 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 1-year low of $25.36 and a 1-year high of $44.01. The company has a fifty day moving average price of $32.46 and a 200 day moving average price of $35.46.

Antero Resources (NYSE:AR) last announced its 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). 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 during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the company posted ($0.21) earnings per share. Antero Resources’s revenue for the quarter was up 32.6% on a year-over-year basis. Research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AR. Wells Fargo & Company set a $39.00 price target on shares of Antero Resources and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Barclays decreased their price target on shares of Antero Resources from $43.00 to $42.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Jefferies Financial Group decreased their price target on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 3rd. JPMorgan Chase & Co. reduced their target price on shares of Antero Resources from $49.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Finally, Raymond James Financial upped their target price on shares of Antero Resources from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $44.13.

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.