Duquesne Family Office LLC Takes Position in Antero Resources Corporation $AR

Duquesne Family Office LLC acquired a new position in Antero Resources Corporation (NYSE:AR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 258,400 shares of the oil and natural gas company’s stock, valued at approximately $10,450,000. Duquesne Family Office LLC owned approximately 0.08% of Antero Resources at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AR. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Antero Resources during the fourth quarter worth about $1,676,000. Mercer Global Advisors Inc. ADV boosted its stake in Antero Resources by 2.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company’s stock worth $503,000 after purchasing an additional 370 shares in the last quarter. Bank of America Corp DE grew its position in Antero Resources by 145.1% during the 4th quarter. Bank of America Corp DE now owns 386,725 shares of the oil and natural gas company’s stock worth $13,555,000 after purchasing an additional 1,245,101 shares during the last quarter. Captrust Financial Advisors grew its position in Antero Resources by 3.4% during the 4th quarter. Captrust Financial Advisors now owns 21,008 shares of the oil and natural gas company’s stock worth $736,000 after purchasing an additional 681 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in Antero Resources during the 4th quarter valued at approximately $651,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

NYSE AR opened at $31.79 on Thursday. Antero Resources Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $44.01. 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 firm has a market capitalization of $9.82 billion, a P/E ratio of 20.25 and a beta of 0.63. The stock has a 50-day simple moving average of $34.00 and a two-hundred day simple moving average of $36.50.

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

Analyst Ratings Changes

Several research firms have recently commented on AR. Wells Fargo & Company set a $39.00 price objective on shares of Antero Resources and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. Roth Capital lowered Antero Resources from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $44.00 to $32.00 in a research note on Monday, August 18th. UBS Group upgraded Antero Resources from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, August 20th. Scotiabank reissued an “outperform” rating on shares of Antero Resources in a report on Wednesday, August 13th. Finally, Mizuho upgraded Antero Resources from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.65.

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.