Brighton Jones LLC Buys Shares of 9,049 Antero Resources Corporation $AR

Brighton Jones LLC acquired a new position in Antero Resources Corporation (NYSE:AR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,049 shares of the oil and natural gas company’s stock, valued at approximately $364,000.

A number of other institutional investors have also recently made changes to their positions in AR. GAMMA Investing LLC boosted its position in shares of Antero Resources by 78.0% in the 1st quarter. GAMMA Investing LLC now owns 5,453 shares of the oil and natural gas company’s stock worth $221,000 after purchasing an additional 2,389 shares in the last quarter. Bessemer Group Inc. boosted its holdings in 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 worth $42,000 after acquiring an additional 411 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Antero Resources in the first quarter worth about $220,000. Illinois Municipal Retirement Fund acquired a new stake in Antero Resources in the first quarter worth about $824,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Antero Resources in the first quarter worth about $538,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of recent analyst reports. UBS Group lowered their target price on shares of Antero Resources from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, September 15th. Barclays lowered their price objective on shares of Antero Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday. Roth Capital downgraded shares of Antero Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $44.00 to $32.00 in a research note on Monday, August 18th. Zacks Research downgraded shares of Antero Resources from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Finally, Wells Fargo & Company raised Antero Resources to a “hold” rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.00.

Antero Resources Trading Down 5.1%

NYSE AR opened at $30.02 on Friday. The company has a market capitalization of $9.27 billion, a PE ratio of 15.97 and a beta of 0.56. The company has a fifty day moving average of $32.46 and a 200 day moving average of $35.14. Antero Resources Corporation has a 1 year low of $25.36 and a 1 year high of $44.01. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30.

Antero Resources (NYSE:AR) last posted its 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 business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a net margin of 11.73% and a return on equity of 7.55%. 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 firm earned ($0.21) earnings per share. Research analysts forecast that Antero Resources Corporation will post 2.74 earnings per share 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.