Lee Johnson Capital Management LLC Invests $671,000 in Antero Resources Corporation $AR

Lee Johnson Capital Management LLC bought a new position in shares of Antero Resources Corporation (NYSE:AR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,647 shares of the oil and natural gas company’s stock, valued at approximately $671,000.

Other institutional investors also recently modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of Antero Resources during the first quarter worth about $26,000. Bessemer Group Inc. lifted 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 buying an additional 411 shares during the period. North Star Investment Management Corp. purchased a new stake in Antero Resources in the first quarter worth about $44,000. Sunbelt Securities Inc. purchased a new stake in Antero Resources in the first quarter worth about $56,000. Finally, Fifth Third Bancorp lifted its holdings in Antero Resources by 17.2% in the first quarter. Fifth Third Bancorp now owns 3,008 shares of the oil and natural gas company’s stock worth $122,000 after buying an additional 442 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AR has been the subject of several research analyst reports. UBS Group lowered their price objective on shares of Antero Resources from $43.00 to $42.00 and set a “buy” rating for the company in a report on Monday, September 15th. Scotiabank restated an “outperform” rating on shares of Antero Resources in a report on Wednesday, August 13th. Morgan Stanley raised their price objective on shares of Antero Resources from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Raymond James Financial raised their price objective on shares of Antero Resources from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 22nd. Finally, Mizuho lowered their price objective on shares of Antero Resources from $49.00 to $41.00 and set an “outperform” rating for the company in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.75.

Antero Resources Price Performance

AR stock opened at $33.57 on Tuesday. The firm has a 50 day moving average price of $32.46 and a 200-day moving average price of $35.98. Antero Resources Corporation has a 52-week low of $25.36 and a 52-week high of $44.01. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 21.38 and a beta of 0.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30.

Antero Resources (NYSE:AR) last released its earnings results 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). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the business posted ($0.21) earnings per share. Antero Resources’s revenue for the quarter was up 32.6% on a year-over-year basis. Equities research analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Antero Resources 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.