VELA Investment Management LLC Raises Position in Antero Resources Corporation $AR

VELA Investment Management LLC grew its stake in Antero Resources Corporation (NYSE:AR) by 27.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 128,815 shares of the oil and natural gas company’s stock after purchasing an additional 27,585 shares during the period. VELA Investment Management LLC’s holdings in Antero Resources were worth $4,527,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AR. Corient Private Wealth LP increased its position in shares of Antero Resources by 105.5% during the 2nd quarter. Corient Private Wealth LP now owns 84,253 shares of the oil and natural gas company’s stock valued at $2,961,000 after purchasing an additional 43,246 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Antero Resources in the second quarter worth $682,000. California State Teachers Retirement System boosted its stake in Antero Resources by 3,427.9% during the second quarter. California State Teachers Retirement System now owns 11,957,720 shares of the oil and natural gas company’s stock worth $420,194,000 after buying an additional 11,618,775 shares during the period. Readystate Asset Management LP purchased a new position in Antero Resources during the second quarter worth $15,103,000. Finally, Wedmont Private Capital increased its position in Antero Resources by 37.3% during the second quarter. Wedmont Private Capital now owns 29,955 shares of the oil and natural gas company’s stock valued at $995,000 after acquiring an additional 8,134 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Up 0.0%

NYSE AR opened at $39.42 on Tuesday. 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 company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 11.33 and a beta of 0.35. The company’s 50-day simple moving average is $36.12 and its two-hundred day simple moving average is $37.10. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of recent analyst reports. Wolfe Research reaffirmed an “outperform” rating and set a $48.00 price target on shares of Antero Resources in a research note on Thursday, July 30th. Morgan Stanley reissued an “overweight” rating and issued a $49.00 price objective on shares of Antero Resources in a research note on Wednesday, August 19th. Barclays dropped their target price on Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, August 17th. Truist Financial cut their target price on Antero Resources from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, The Goldman Sachs Group increased their price target on Antero Resources from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus price target of $49.12.

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.