Delta Global Management LP Purchases Shares of 77,247 Antero Resources Corporation $AR

Delta Global Management LP acquired a new position in shares of Antero Resources Corporation (NYSE:AR) in the third quarter, HoldingsChannel.com reports. The firm acquired 77,247 shares of the oil and natural gas company’s stock, valued at approximately $2,592,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in shares of Antero Resources during the 3rd quarter worth about $26,000. Newbridge Financial Services Group Inc. grew its stake in Antero Resources by 114.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after buying an additional 500 shares during the last quarter. Clearstead Advisors LLC raised its holdings in Antero Resources by 100.1% in the 3rd quarter. Clearstead Advisors LLC now owns 2,487 shares of the oil and natural gas company’s stock valued at $83,000 after acquiring an additional 1,244 shares during the period. EverSource Wealth Advisors LLC raised its holdings in 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 acquiring an additional 2,616 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Antero Resources by 12.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,840 shares of the oil and natural gas company’s stock valued at $129,000 after acquiring an additional 413 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AR has been the subject of several research reports. UBS Group raised their price objective on shares of Antero Resources from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $39.00 target price (down from $44.00) on shares of Antero Resources in a research report on Monday, December 8th. Jefferies Financial Group set a $50.00 target price on Antero Resources in a research note on Friday, February 13th. Tudor Pickering upgraded Antero Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Finally, Mizuho set a $47.00 price objective on Antero Resources in a report on Friday, December 12th. Four equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.87.

Antero Resources Stock Performance

NYSE AR opened at $41.02 on Monday. The firm has a 50-day moving average price of $34.84 and a two-hundred day moving average price of $34.03. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $44.01. The company has a market capitalization of $12.65 billion, a P/E ratio of 20.30 and a beta of 0.52. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.49 by $0.13. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the firm earned $0.48 earnings per share. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. Analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Insider Transactions at Antero Resources

In related news, insider Yvette K. Schultz sold 15,000 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $39.33, for a total transaction of $589,950.00. Following the sale, the insider owned 319,122 shares of the company’s stock, valued at $12,551,068.26. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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.