Tejara Capital Ltd Buys Shares of 284,400 Antero Resources Corporation $AR

Tejara Capital Ltd purchased a new position in Antero Resources Corporation (NYSE:AR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 284,400 shares of the oil and natural gas company’s stock, valued at approximately $9,994,000. Antero Resources accounts for about 4.1% of Tejara Capital Ltd’s portfolio, making the stock its 4th largest position. Tejara Capital Ltd owned 0.09% of Antero Resources as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Brandywine Global Investment Management LLC grew its stake in shares of Antero Resources by 77.8% during the 4th quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock valued at $7,425,000 after acquiring an additional 94,260 shares during the period. Kailix Advisors LLC lifted its holdings in Antero Resources by 15.5% during the fourth quarter. Kailix Advisors LLC now owns 374,484 shares of the oil and natural gas company’s stock valued at $12,905,000 after purchasing an additional 50,150 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Antero Resources by 10.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company’s stock worth $22,743,000 after purchasing an additional 64,378 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Antero Resources by 22.5% in the fourth quarter. Bank of New York Mellon Corp now owns 3,101,208 shares of the oil and natural gas company’s stock worth $106,868,000 after purchasing an additional 569,817 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Antero Resources by 1,399.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 67,016 shares of the oil and natural gas company’s stock worth $2,309,000 after purchasing an additional 62,547 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

AR opened at $37.77 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 10.85 and a beta of 0.34. The company has a fifty day moving average of $35.01 and a 200 day moving average of $36.70. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Antero Resources from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. UBS Group increased their price target on Antero Resources from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Mizuho raised their price target on Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Roth Capital restated a “neutral” rating and issued a $38.00 price objective on shares of Antero Resources in a research report on Thursday, April 30th. Finally, Wells Fargo & Company upped their price objective on Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Three 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 stock. According to data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.31.

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.