Fore Capital LLC Takes $1.05 Million Position in Antero Resources Corporation $AR

Fore Capital LLC bought a new position in Antero Resources Corporation (NYSE:AR) during the second quarter, Holdings Channel reports. The firm bought 30,000 shares of the oil and natural gas company’s stock, valued at approximately $1,054,000. Antero Resources makes up about 0.3% of Fore Capital LLC’s portfolio, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eastern Bank acquired a new position in Antero Resources in the second quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Antero Resources during the 2nd quarter worth approximately $29,000. Sunbelt Securities Inc. acquired a new stake in shares of Antero Resources during the 3rd quarter worth approximately $30,000. IFP Advisors Inc increased its holdings in shares of Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 345 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Antero Resources during the 4th quarter valued at approximately $41,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Trading Up 1.9%

Shares of Antero Resources stock opened at $37.10 on Wednesday. The stock has a market cap of $11.41 billion, a P/E ratio of 10.66 and a beta of 0.34. The stock’s 50 day simple moving average is $34.91 and its 200-day simple moving average is $36.68. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AR. Zacks Research downgraded shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Antero Resources in a report on Friday, May 1st. Texas Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Benchmark increased their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Wolfe Research restated an “outperform” rating and set a $48.00 target price on shares of Antero Resources in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.25.

Antero Resources Company 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.