Vaughan Nelson Investment Management L.P. Buys 232,420 Shares of Antero Resources Corporation $AR

Vaughan Nelson Investment Management L.P. raised its stake in Antero Resources Corporation (NYSE:AR) by 12.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,147,218 shares of the oil and natural gas company’s stock after acquiring an additional 232,420 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Antero Resources were worth $86,490,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AR. Assenagon Asset Management S.A. lifted its holdings in shares of Antero Resources by 133.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company’s stock worth $151,406,000 after acquiring an additional 2,137,538 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Antero Resources by 44.3% in the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock worth $179,567,000 after acquiring an additional 1,362,370 shares during the last quarter. Stephens Investment Management Group LLC bought a new position in shares of Antero Resources in the first quarter worth about $48,314,000. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Antero Resources by 210.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,274,532 shares of the oil and natural gas company’s stock worth $51,542,000 after acquiring an additional 863,836 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Antero Resources by 46.1% in the first quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company’s stock worth $92,563,000 after acquiring an additional 721,767 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Antero Resources stock opened at $33.28 on Friday. The stock’s 50 day moving average is $32.54 and its 200 day moving average is $35.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market cap of $10.28 billion, a P/E ratio of 21.19 and a beta of 0.56. Antero Resources Corporation has a one year low of $25.36 and a one year high of $44.01.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.33). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.Antero Resources’s revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.21) earnings per share. As a group, research analysts expect that Antero Resources Corporation will post 2.74 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on AR. Morgan Stanley lifted their price target on Antero Resources from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Raymond James Financial lifted their price target on Antero Resources from $57.00 to $58.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company set a $39.00 price target on Antero Resources and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Jefferies Financial Group cut their price target on Antero Resources from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. cut their price target on Antero Resources from $49.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.38.

Antero Resources Company 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.