Colrain Capital LLC Boosts Stock Holdings in Antero Resources Corporation $AR

Colrain Capital LLC lifted its holdings in Antero Resources Corporation (NYSE:AR) by 7.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 163,000 shares of the oil and natural gas company’s stock after buying an additional 11,000 shares during the period. Antero Resources makes up about 5.1% of Colrain Capital LLC’s portfolio, making the stock its 8th biggest holding. Colrain Capital LLC’s holdings in Antero Resources were worth $6,566,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Invesco Ltd. boosted its stake in shares of Antero Resources by 44.3% during the 1st quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock worth $179,567,000 after purchasing an additional 1,362,370 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Antero Resources by 10.7% during the 1st quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company’s stock worth $178,868,000 after purchasing an additional 428,167 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Antero Resources by 2.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,843,592 shares of the oil and natural gas company’s stock worth $154,820,000 after purchasing an additional 99,635 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Antero Resources by 46.1% during the 1st quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company’s stock worth $92,563,000 after purchasing an additional 721,767 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Antero Resources by 12.1% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,147,218 shares of the oil and natural gas company’s stock worth $86,490,000 after purchasing an additional 232,420 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on AR. UBS Group dropped their price target 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. Jefferies Financial Group dropped their price target on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Raymond James Financial lifted their price target 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. Barclays dropped their price target 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. Finally, Citigroup raised shares of Antero Resources from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $39.00 in a research note on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Antero Resources Price Performance

Antero Resources stock opened at $30.94 on Friday. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 16.45 and a beta of 0.56. 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 Corporation has a 1 year low of $25.36 and a 1 year high of $44.01. The firm has a 50-day moving average of $32.47 and a two-hundred day moving average of $35.14.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (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 net margin of 11.73% and a return on equity of 7.55%. Antero Resources’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period last year, the firm earned ($0.21) earnings per share. On average, 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.