Stephens Investment Management Group LLC Acquires 51,126 Shares of Antero Resources Corporation $AR

Stephens Investment Management Group LLC grew its stake in shares of Antero Resources Corporation (NYSE:AR) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,185,601 shares of the oil and natural gas company’s stock after buying an additional 51,126 shares during the period. Stephens Investment Management Group LLC owned 0.38% of Antero Resources worth $39,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Antero Resources by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company’s stock valued at $1,200,249,000 after acquiring an additional 350,018 shares during the last quarter. Sourcerock Group LLC grew its position in shares of Antero Resources by 10.6% during the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after purchasing an additional 783,117 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Antero Resources by 18.4% in the second quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock worth $211,805,000 after purchasing an additional 817,977 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Antero Resources by 2.7% in the second 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 buying an additional 99,635 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Antero Resources by 4.1% during the second quarter. Ameriprise Financial Inc. now owns 2,382,707 shares of the oil and natural gas company’s stock valued at $95,975,000 after buying an additional 93,895 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Up 1.7%

Shares of NYSE AR opened at $32.33 on Friday. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $44.01. The firm has a 50-day simple moving average of $34.33 and a two-hundred day simple moving average of $33.54. The company has a market cap of $9.97 billion, a P/E ratio of 17.20 and a beta of 0.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.38). The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Research analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Wall Street Analyst Weigh In

AR has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Antero Resources in a research note on Monday, December 29th. Roth Capital restated a “neutral” rating and issued a $36.00 price target on shares of Antero Resources in a research report on Monday, December 8th. BMO Capital Markets upped their price target on shares of Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, December 9th. Citigroup raised shares of Antero Resources from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $39.00 in a research note on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $39.00 target price (down from $44.00) on shares of Antero Resources in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.94.

Insider Buying and Selling

In related news, insider Brendan E. Krueger purchased 5,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $33.35 per share, with a total value of $166,750.00. Following the completion of the purchase, the insider owned 295,917 shares of the company’s stock, valued at approximately $9,868,831.95. The trade was a 1.72% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 6.30% of the stock is owned by corporate insiders.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.