Freestone Grove Partners LP Purchases Shares of 1,048,632 Antero Resources Corporation $AR

Freestone Grove Partners LP purchased a new position in shares of Antero Resources Corporation (NYSE:AR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,048,632 shares of the oil and natural gas company’s stock, valued at approximately $36,849,000. Freestone Grove Partners LP owned about 0.34% of Antero Resources as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eastern Bank bought a new position in shares of Antero Resources in the second quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Antero Resources during the second quarter worth $29,000. Sunbelt Securities Inc. acquired a new stake in Antero Resources in the third quarter valued at $30,000. Rakuten Securities Inc. bought a new position in shares of Antero Resources in the 2nd quarter valued at about $31,000. Finally, IFP Advisors Inc increased its stake 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 worth $31,000 after purchasing an additional 345 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

AR has been the topic of a number of research analyst reports. Truist Financial dropped their target price on shares of Antero Resources from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Wells Fargo & Company boosted their price target on Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Texas Capital upgraded Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Antero Resources in a research report on Friday, May 1st. Finally, Roth Capital reiterated a “neutral” rating and set a $38.00 target price on shares of Antero Resources in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $48.31.

Antero Resources Price Performance

Shares of AR opened at $38.54 on Thursday. The firm has a market capitalization of $11.85 billion, a PE ratio of 11.07 and a beta of 0.34. The company’s 50-day moving average is $35.33 and its 200-day moving average is $36.82. 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.

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.