VELA Investment Management LLC Grows Stock Holdings in Antero Resources Corporation $AR

VELA Investment Management LLC lifted its stake in shares of Antero Resources Corporation (NYSE:AR) by 71.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,635 shares of the oil and natural gas company’s stock after purchasing an additional 50,611 shares during the period. Antero Resources accounts for about 1.0% of VELA Investment Management LLC’s portfolio, making the stock its 26th largest holding. VELA Investment Management LLC’s holdings in Antero Resources were worth $4,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in AR. Huntington National Bank boosted its stake in Antero Resources by 91.3% during the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after buying an additional 313 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Antero Resources in the third quarter valued at about $26,000. Newbridge Financial Services Group Inc. increased its position in Antero Resources by 114.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock worth $38,000 after purchasing an additional 500 shares during the last quarter. FNY Investment Advisers LLC raised its stake in Antero Resources by 9,900.0% during the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock worth $60,000 after purchasing an additional 1,485 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Antero Resources by 701.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after buying an additional 2,616 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Up 4.1%

NYSE AR opened at $34.23 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 18.21 and a beta of 0.50. The firm has a 50 day simple moving average of $34.25 and a 200-day simple moving average of $33.42. Antero Resources Corporation has a one year low of $29.10 and a one year high of $44.01.

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

Insider Transactions at Antero Resources

In related news, insider Brendan E. Krueger bought 5,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $33.35 per share, with a total value of $166,750.00. Following the purchase, the insider directly owned 295,917 shares of the company’s stock, valued at $9,868,831.95. This trade represents a 1.72% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Benchmark reiterated a “hold” rating on shares of Antero Resources in a research report on Thursday, January 15th. Barclays cut their price objective on Antero Resources from $46.00 to $41.00 and set an “equal weight” rating for the company in a research report on Wednesday. Zacks Research upgraded shares of Antero Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Morgan Stanley increased their target price on shares of Antero Resources from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 9th. Finally, Wells Fargo & Company boosted their price target on shares of Antero Resources from $39.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $45.63.

Antero Resources Profile

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.