Tejara Capital Ltd Purchases New Shares in Antero Resources Corporation $AR

Tejara Capital Ltd purchased a new position in shares of Antero Resources Corporation (NYSE:AR) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 39,800 shares of the oil and natural gas company’s stock, valued at approximately $1,336,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AR. Vanguard Group Inc. increased its position in shares of Antero Resources by 1.2% during the second quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company’s stock worth $1,200,249,000 after acquiring an additional 350,018 shares during the last quarter. Sourcerock Group LLC increased its holdings in Antero Resources by 10.6% during 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 during the last quarter. Invesco Ltd. raised its position in shares of Antero Resources by 18.4% in the 2nd quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock valued at $211,805,000 after purchasing an additional 817,977 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Antero Resources by 4.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,382,707 shares of the oil and natural gas company’s stock valued at $95,975,000 after buying an additional 93,895 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Antero Resources by 12.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,147,218 shares of the oil and natural gas company’s stock worth $86,490,000 after buying an additional 232,420 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

Shares of AR stock opened at $36.34 on Friday. The company has a market cap of $11.21 billion, a P/E ratio of 19.33 and a beta of 0.50. The business has a 50 day moving average of $34.36 and a two-hundred day moving average of $33.35. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.01. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.17.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.38). Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the business posted ($0.07) EPS. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current year.

Insiders Place Their Bets

In related news, insider Brendan E. Krueger bought 5,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $33.35 per share, for a total transaction of $166,750.00. Following the completion of the purchase, the insider owned 295,917 shares of the company’s stock, valued at $9,868,831.95. This represents a 1.72% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AR. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a report on Thursday, January 15th. Tudor Pickering upgraded shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $39.00 price target (down from $44.00) on shares of Antero Resources in a research note on Monday, December 8th. Wall Street Zen lowered Antero Resources from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Barclays reduced their target price on Antero Resources from $46.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.60.

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.