Landscape Capital Management L.L.C. Takes Position in Antero Resources Corporation $AR

Landscape Capital Management L.L.C. bought a new position in shares of Antero Resources Corporation (NYSE:AR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,027 shares of the oil and natural gas company’s stock, valued at approximately $774,000.

Several other hedge funds have also added to or reduced their stakes in AR. NewEdge Advisors LLC boosted its stake in Antero Resources by 16,498.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock valued at $389,000 after purchasing an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Antero Resources by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock valued at $23,882,000 after buying an additional 43,312 shares in the last quarter. Focus Partners Wealth increased its position in Antero Resources by 18.9% during the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after buying an additional 3,169 shares during the period. EverSource Wealth Advisors LLC increased its position in Antero Resources by 701.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after buying an additional 2,616 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Antero Resources by 22.5% during the second quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock worth $1,470,000 after buying an additional 6,700 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AR has been the subject of a number of recent research reports. Mizuho boosted their target price on shares of Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Barclays lowered their price target on shares of Antero Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. Jefferies Financial Group reiterated a “buy” rating and issued a $57.00 price objective on shares of Antero Resources in a research note on Friday, May 1st. UBS Group boosted their price objective on shares of Antero Resources from $50.00 to $52.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Wolfe Research restated an “outperform” rating and set a $48.00 target price on shares of Antero Resources in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.31.

Antero Resources Price Performance

Shares of NYSE AR opened at $38.04 on Monday. The stock has a market capitalization of $11.70 billion, a PE ratio of 10.93 and a beta of 0.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The business has a fifty day moving average price of $35.08 and a two-hundred day moving average price of $36.74. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75.

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.