Jupiter Asset Management Ltd. Acquires Shares of 1,571,424 Antero Resources Corporation $AR

Jupiter Asset Management Ltd. bought a new position in shares of Antero Resources Corporation (NYSE:AR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,571,424 shares of the oil and natural gas company’s stock, valued at approximately $52,737,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. raised its stake in shares of Antero Resources by 18.4% during the second quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock worth $211,805,000 after buying an additional 817,977 shares during the last quarter. Sourcerock Group LLC grew 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 acquiring an additional 783,117 shares during the period. SG Americas Securities LLC grew its holdings in Antero Resources by 1,817.7% during the 2nd quarter. SG Americas Securities LLC now owns 482,506 shares of the oil and natural gas company’s stock worth $19,435,000 after acquiring an additional 457,345 shares during the period. HRT Financial LP raised its position in shares of Antero Resources by 986.6% during the 2nd quarter. HRT Financial LP now owns 432,108 shares of the oil and natural gas company’s stock valued at $17,405,000 after acquiring an additional 392,341 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Antero Resources by 1.2% in 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 purchasing an additional 350,018 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AR shares. UBS Group reaffirmed a “buy” rating and set a $45.00 price objective on shares of Antero Resources in a research note on Friday, February 13th. Bank of America raised their target price on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Barclays decreased their target price on Antero Resources from $46.00 to $41.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Jefferies Financial Group set a $50.00 price target on shares of Antero Resources in a research report on Friday, February 13th. Finally, Morgan Stanley reduced their price objective on shares of Antero Resources from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Four research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.93.

Antero Resources Trading Up 3.4%

NYSE AR opened at $35.00 on Friday. The firm 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 debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. The stock’s 50-day moving average is $33.87 and its 200-day moving average is $33.38. Antero Resources Corporation has a one year low of $29.10 and a one year high of $44.01.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) 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 business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the firm earned $0.48 EPS. Antero Resources’s quarterly revenue was up 20.8% compared to the same quarter last year. Sell-side analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

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.