Boothbay Fund Management LLC Reduces Position in Antero Resources Corporation $AR

Boothbay Fund Management LLC trimmed its holdings in Antero Resources Corporation (NYSE:AR) by 35.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 213,786 shares of the oil and natural gas company’s stock after selling 117,120 shares during the period. Boothbay Fund Management LLC owned 0.07% of Antero Resources worth $7,175,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AR. Vanguard Group Inc. grew its stake in Antero Resources by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company’s stock valued at $1,200,249,000 after acquiring an additional 350,018 shares in the last quarter. Sourcerock Group LLC lifted its stake in Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after purchasing an additional 783,117 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Antero Resources by 31.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock worth $267,485,000 after purchasing an additional 1,922,977 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Antero Resources by 18.4% during the 2nd quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock worth $211,805,000 after purchasing an additional 817,977 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of Antero Resources by 3.2% during the 3rd quarter. Raymond James Financial Inc. now owns 4,508,542 shares of the oil and natural gas company’s stock worth $151,307,000 after purchasing an additional 140,416 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Trading Up 1.6%

AR opened at $41.02 on Monday. The stock has a market capitalization of $12.65 billion, a PE ratio of 20.30 and a beta of 0.52. Antero Resources Corporation has a one year low of $29.10 and a one year high of $44.01. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. The business’s 50 day moving average price is $34.84 and its 200 day moving average price is $34.03.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the firm earned $0.48 earnings per share. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. As a group, equities research analysts expect that Antero Resources Corporation will post 2.74 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on AR. BMO Capital Markets increased their price target on Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, December 9th. TD Cowen raised Antero Resources to a “strong-buy” rating in a research note on Monday, February 9th. Tudor Pickering upgraded Antero Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Jefferies Financial Group set a $50.00 target price on Antero Resources in a research note on Friday, February 13th. Finally, UBS Group lifted their price target on Antero Resources from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Four equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.87.

Insider Activity

In related news, insider Yvette K. Schultz sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $39.33, for a total transaction of $589,950.00. Following the completion of the sale, the insider directly owned 319,122 shares of the company’s stock, valued at approximately $12,551,068.26. This trade represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.30% of the company’s stock.

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.