Manatuck Hill Partners LLC Invests $878,000 in Antero Resources Corporation $AR

Manatuck Hill Partners LLC purchased a new stake in Antero Resources Corporation (NYSE:AR) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 25,000 shares of the oil and natural gas company’s stock, valued at approximately $878,000.

A number of other hedge funds have also bought and sold shares of the business. Eastern Bank acquired a new stake in Antero Resources in the 2nd quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Antero Resources during the 2nd quarter worth approximately $29,000. Sunbelt Securities Inc. acquired a new position in shares of Antero Resources during the 3rd quarter worth approximately $30,000. Rakuten Securities Inc. bought a new position in shares of Antero Resources during the second quarter worth approximately $31,000. Finally, IFP Advisors Inc increased its holdings in shares of Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 345 shares during the period. 83.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Benchmark boosted their price target on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Texas Capital upgraded Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Wells Fargo & Company raised 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. Barclays dropped their price objective on Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. Finally, Citigroup reduced their target price on Antero Resources from $53.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Three investment 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.31.

Antero Resources Stock Down 0.1%

NYSE AR opened at $37.87 on Wednesday. The business has a fifty day moving average price of $35.23 and a two-hundred day moving average price of $36.79. The stock has a market capitalization of $11.64 billion, a PE ratio of 10.88 and a beta of 0.34. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week 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.

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.