Antero Resources Corporation $AR Shares Sold by AXQ Capital LP

AXQ Capital LP reduced its position in shares of Antero Resources Corporation (NYSE:AR) by 40.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,973 shares of the oil and natural gas company’s stock after selling 16,303 shares during the period. AXQ Capital LP’s holdings in Antero Resources were worth $805,000 at the end of the most recent quarter.

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

Antero Resources Price Performance

Shares of NYSE:AR opened at $34.01 on Tuesday. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 16.84 and a beta of 0.55. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $44.01. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $33.86 and a 200 day simple moving average of $33.41.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, topping 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 firm posted $0.48 EPS. The business’s revenue was up 20.8% compared to the same quarter last year. As a group, sell-side analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. TD Cowen upgraded shares of Antero Resources to a “strong-buy” rating in a report on Monday, February 9th. Mizuho set a $47.00 price objective on shares of Antero Resources in a research note on Friday, December 12th. Jefferies Financial Group set a $50.00 price objective on shares of Antero Resources in a research report on Friday, February 13th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $39.00 target price (down previously from $44.00) on shares of Antero Resources in a report on Monday, December 8th. Finally, BMO Capital Markets raised their target price on Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 9th. Four investment 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. 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 Company 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.