Lucas Capital Management bought a new position in Antero Resources Corporation (NYSE:AR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,000 shares of the oil and natural gas company’s stock, valued at approximately $346,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Antero Resources Corporation by 2,440.4% in the first quarter. BlackRock Inc. now owns 8,550,873 shares of the oil and natural gas company’s stock worth $195,044,000 after buying an additional 8,214,276 shares during the last quarter. Sound Shore Management Inc. CT acquired a new stake in shares of Antero Resources Corporation during the first quarter worth about $175,832,000. State Street Corp raised its stake in shares of Antero Resources Corporation by 21.4% in the first quarter. State Street Corp now owns 7,208,698 shares of the oil and natural gas company’s stock worth $164,429,000 after buying an additional 1,271,005 shares during the last quarter. Caymus Capital Partners L.P. raised its stake in shares of Antero Resources Corporation by 64.1% in the first quarter. Caymus Capital Partners L.P. now owns 3,248,200 shares of the oil and natural gas company’s stock worth $74,091,000 after buying an additional 1,269,400 shares during the last quarter. Finally, Pennant Capital Management LLC raised its stake in shares of Antero Resources Corporation by 36.8% in the first quarter. Pennant Capital Management LLC now owns 3,629,205 shares of the oil and natural gas company’s stock worth $82,782,000 after buying an additional 975,965 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Corporation (AR) opened at 19.45 on Friday. The stock’s 50 day moving average price is $21.31 and its 200 day moving average price is $22.59. Antero Resources Corporation has a 12 month low of $18.88 and a 12 month high of $28.30. The firm has a market capitalization of $6.12 billion, a P/E ratio of 452.33 and a beta of 0.95.

Antero Resources Corporation (NYSE:AR) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $736 million for the quarter, compared to the consensus estimate of $778.55 million. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. Antero Resources Corporation’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share. On average, analysts forecast that Antero Resources Corporation will post $0.42 earnings per share for the current year.

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A number of analysts have recently issued reports on AR shares. Zacks Investment Research lowered Antero Resources Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Evercore ISI lowered Antero Resources Corporation to an “outperform” rating in a research report on Wednesday, April 19th. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 price target on shares of Antero Resources Corporation in a research note on Thursday, June 22nd. Scotiabank set a $31.00 price target on Antero Resources Corporation and gave the stock a “buy” rating in a research note on Monday, May 8th. Finally, ValuEngine downgraded Antero Resources Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $30.33.

In other news, insider K. Phil Yoo sold 3,785 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $20.55, for a total transaction of $77,781.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ward D. Mcneilly sold 24,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $22.05, for a total transaction of $529,200.00. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by corporate insiders.

About Antero Resources Corporation

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

Institutional Ownership by Quarter for Antero Resources Corporation (NYSE:AR)

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