CenterBook Partners LP Invests $2.26 Million in Antero Resources Corporation $AR

CenterBook Partners LP bought a new position in shares of Antero Resources Corporation (NYSE:AR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 67,346 shares of the oil and natural gas company’s stock, valued at approximately $2,260,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Huntington National Bank lifted its position in Antero Resources by 91.3% in the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after purchasing an additional 313 shares during the period. Root Financial Partners LLC acquired a new position in Antero Resources during the third quarter valued at $26,000. Newbridge Financial Services Group Inc. lifted its position in shares of Antero Resources by 114.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock worth $38,000 after purchasing an additional 500 shares in the last quarter. FNY Investment Advisers LLC boosted its holdings in shares of Antero Resources by 9,900.0% during the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock worth $60,000 after purchasing an additional 1,485 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Antero Resources by 701.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after acquiring an additional 2,616 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Performance

NYSE AR opened at $35.00 on Friday. The stock has a market cap of $10.80 billion, a P/E ratio of 17.32 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 twelve month low of $29.10 and a twelve month high of $44.01. The company’s 50-day simple moving average is $33.87 and its 200 day simple moving average is $33.38.

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

Analysts Set New Price Targets

Several research firms recently weighed in on AR. UBS Group restated a “buy” rating and issued a $45.00 target price on shares of Antero Resources in a report on Friday, February 13th. Roth Mkm reiterated a “neutral” rating and issued a $36.00 target price on shares of Antero Resources in a report on Monday, December 8th. Zacks Research upgraded shares of Antero Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Mizuho set a $47.00 price target on Antero Resources in a research report on Friday, December 12th. Finally, Morgan Stanley dropped their price target on Antero Resources from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Four analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average 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.