Old West Investment Management LLC bought a new stake in Antero Resources Corporation (NYSE:AR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 248,002 shares of the oil and natural gas company’s stock, valued at approximately $5,359,000. Antero Resources Corporation makes up about 2.9% of Old West Investment Management LLC’s holdings, making the stock its 13th biggest holding. Old West Investment Management LLC owned about 0.08% of Antero Resources Corporation as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Antero Resources Corporation by 6.5% in the second quarter. Vanguard Group Inc. now owns 17,760,019 shares of the oil and natural gas company’s stock valued at $383,794,000 after buying an additional 1,091,065 shares in the last quarter. Brave Warrior Advisors LLC grew its stake in shares of Antero Resources Corporation by 9.8% in the first quarter. Brave Warrior Advisors LLC now owns 10,593,829 shares of the oil and natural gas company’s stock valued at $241,645,000 after buying an additional 946,603 shares in the last quarter. BlackRock Inc. grew its stake in shares of Antero Resources Corporation by 18.7% in the second quarter. BlackRock Inc. now owns 10,146,431 shares of the oil and natural gas company’s stock valued at $219,264,000 after buying an additional 1,595,558 shares in the last quarter. Sound Shore Management Inc. CT grew its stake in shares of Antero Resources Corporation by 22.0% in the second quarter. Sound Shore Management Inc. CT now owns 9,406,400 shares of the oil and natural gas company’s stock valued at $203,272,000 after buying an additional 1,697,858 shares in the last quarter. Finally, State Street Corp grew 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 valued at $164,429,000 after buying an additional 1,271,005 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

In other Antero Resources Corporation news, insider K. Phil Yoo sold 3,785 shares of Antero Resources Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total transaction of $77,781.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 10.80% of the stock is currently owned by insiders.

Shares of Antero Resources Corporation (NYSE AR) traded down 0.15% during mid-day trading on Friday, hitting $19.72. The company had a trading volume of 850,682 shares. The firm has a market cap of $6.22 billion, a PE ratio of 458.60 and a beta of 0.95. Antero Resources Corporation has a 12-month low of $18.23 and a 12-month high of $28.30. The firm’s 50 day moving average is $19.47 and its 200-day moving average is $21.22.

Antero Resources Corporation (NYSE:AR) last released its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $736.00 million for the quarter, compared to analyst estimates of $778.55 million. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, equities analysts expect that Antero Resources Corporation will post $0.30 EPS for the current year.

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A number of research analysts recently commented on the company. Zacks Investment Research raised Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, July 21st. Scotiabank set a $27.00 price target on Antero Resources Corporation and gave the company a “buy” rating in a report on Saturday, July 1st. BidaskClub raised Antero Resources Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Howard Weil downgraded Antero Resources Corporation from an “outperform” rating to a “sector perform” rating and set a $26.00 price target for the company. in a report on Thursday. Finally, BMO Capital Markets reissued a “buy” rating and issued a $26.00 price target on shares of Antero Resources Corporation in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $29.61.

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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