Antero Resources Corporation $AR is LSP Investment Advisors LLC’s 7th Largest Position

LSP Investment Advisors LLC boosted its stake in Antero Resources Corporation (NYSE:AR) by 72.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,600 shares of the oil and natural gas company’s stock after purchasing an additional 68,900 shares during the period. Antero Resources makes up about 3.3% of LSP Investment Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. LSP Investment Advisors LLC’s holdings in Antero Resources were worth $5,490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new stake in shares of Antero Resources in the third quarter worth about $26,000. Newbridge Financial Services Group Inc. boosted its holdings 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 worth $38,000 after acquiring an additional 500 shares during the period. Clearstead Advisors LLC grew its position in Antero Resources by 100.1% in the third 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 in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Antero Resources by 701.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after purchasing an additional 2,616 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Antero Resources by 447.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,427 shares of the oil and natural gas company’s stock worth $141,000 after purchasing an additional 2,801 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Antero Resources 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 transaction, the insider owned 319,122 shares of the company’s stock, valued at $12,551,068.26. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AR has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 9th. Bank of America raised their target price on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Mizuho set a $47.00 target price on Antero Resources in a research report on Friday, December 12th. UBS Group increased their price target on Antero Resources from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Finally, Wall Street Zen lowered Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Four research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

Antero Resources Price Performance

Shares of AR stock opened at $41.09 on Tuesday. The firm has a fifty day moving average of $35.01 and a two-hundred day moving average of $34.09. The firm has a market cap of $12.68 billion, a P/E ratio of 20.34 and a beta of 0.52. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $44.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55.

Antero Resources (NYSE:AR) last issued its quarterly 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. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 earnings per share. As a group, research analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

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.