Antero Resources Corporation $AR Shares Bought by Colrain Capital LLC

Colrain Capital LLC boosted its holdings in Antero Resources Corporation (NYSE:AR) by 56.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,550 shares of the oil and natural gas company’s stock after buying an additional 91,550 shares during the quarter. Antero Resources makes up approximately 4.9% of Colrain Capital LLC’s investment portfolio, making the stock its 8th largest position. Colrain Capital LLC owned 0.08% of Antero Resources worth $8,543,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in shares of Antero Resources by 16,498.3% during the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock valued at $389,000 after acquiring an additional 9,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Antero Resources by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock worth $23,882,000 after purchasing an additional 43,312 shares during the last quarter. Focus Partners Wealth raised its position in Antero Resources by 18.9% during the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after purchasing an additional 3,169 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Antero Resources by 9.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,967 shares of the oil and natural gas company’s stock worth $240,000 after buying an additional 523 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Antero Resources in the 2nd quarter valued at about $508,000. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Performance

Shares of AR stock opened at $34.73 on Tuesday. The firm has a 50 day moving average of $34.03 and a 200-day moving average of $33.36. The company has a market cap of $10.72 billion, a price-to-earnings ratio of 17.19 and a beta of 0.55. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.01.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. Antero Resources’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 EPS. On average, equities analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Zacks Research upgraded Antero Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Tudor Pickering upgraded shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Thursday, January 15th. Roth Mkm reaffirmed a “neutral” rating and issued a $36.00 price objective on shares of Antero Resources in a research note on Monday, December 8th. Finally, BMO Capital Markets lifted their target price on shares of Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 9th. Four equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.93.

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.