Goodman Financial Corp Invests $14.79 Million in Antero Resources Corporation $AR

Goodman Financial Corp purchased a new stake in Antero Resources Corporation (NYSE:AR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 440,722 shares of the oil and natural gas company’s stock, valued at approximately $14,791,000. Antero Resources comprises 2.9% of Goodman Financial Corp’s portfolio, making the stock its 12th biggest position. Goodman Financial Corp owned 0.14% of Antero Resources at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AR. Neo Ivy Capital Management acquired a new position in shares of Antero Resources in the 2nd quarter valued at $532,000. Stephens Investment Management Group LLC lifted its holdings in Antero Resources by 4.5% during the third quarter. Stephens Investment Management Group LLC now owns 1,185,601 shares of the oil and natural gas company’s stock worth $39,789,000 after acquiring an additional 51,126 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Antero Resources by 103.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 436,476 shares of the oil and natural gas company’s stock valued at $14,648,000 after acquiring an additional 222,311 shares during the period. Edgestream Partners L.P. acquired a new position in Antero Resources in the second quarter valued at about $3,015,000. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of Antero Resources by 43.4% in the third quarter. Diamond Hill Capital Management Inc. now owns 595,608 shares of the oil and natural gas company’s stock worth $19,989,000 after acquiring an additional 180,390 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Analysts Set New Price Targets

AR has been the subject of several research analyst reports. UBS Group reiterated a “buy” rating and issued a $45.00 price objective on shares of Antero Resources in a research report on Friday, February 13th. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research note on Thursday, January 15th. Bank of America increased their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Barclays cut their price objective on shares of Antero Resources from $46.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group set a $50.00 target price on Antero Resources in a report on Friday, February 13th. Four research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.93.

Antero Resources Stock Up 1.5%

Antero Resources stock opened at $35.54 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $44.01. The company has a fifty day simple moving average of $33.87 and a 200 day simple moving average of $33.40. The company has a market cap of $10.96 billion, a P/E ratio of 17.59 and a beta of 0.55.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The company had revenue of $1.41 billion during 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%. The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. Research analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

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.