Antero Resources Co. (NYSE:AR) Stake Raised by AQR Capital Management LLC

AQR Capital Management LLC boosted its position in shares of Antero Resources Co. (NYSE:AR) by 1,021.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 483,725 shares of the oil and natural gas company’s stock after purchasing an additional 440,578 shares during the period. AQR Capital Management LLC owned 0.16% of Antero Resources worth $15,784,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AR. Vanguard Group Inc. increased its holdings in shares of Antero Resources by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock valued at $813,932,000 after purchasing an additional 372,450 shares during the period. Wellington Management Group LLP increased its stake in Antero Resources by 33.7% in the 4th quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock valued at $238,985,000 after buying an additional 2,655,604 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Antero Resources by 269.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after buying an additional 2,893,395 shares during the period. Palo Duro Investment Partners LP lifted its position in Antero Resources by 10.5% in the 4th quarter. Palo Duro Investment Partners LP now owns 2,966,734 shares of the oil and natural gas company’s stock worth $67,286,000 after buying an additional 281,508 shares in the last quarter. Finally, Merewether Investment Management LP boosted its stake in shares of Antero Resources by 4.6% during the 2nd quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock valued at $96,061,000 after buying an additional 128,200 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AR shares. Truist Financial dropped their price target on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday. Roth Mkm began coverage on Antero Resources in a research note on Tuesday, August 27th. They set a “buy” rating and a $32.00 price target for the company. Mizuho lowered their price target on Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Morgan Stanley dropped their price objective on Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, Wolfe Research upgraded shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research note on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and an average price target of $32.63.

Antero Resources Stock Performance

Shares of AR opened at $28.66 on Wednesday. The company has a market capitalization of $8.91 billion, a PE ratio of 143.30 and a beta of 3.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. Antero Resources Co. has a one year low of $20.10 and a one year high of $36.28. The company’s fifty day moving average price is $27.26 and its 200 day moving average price is $30.31.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The business had revenue of $978.65 million during the quarter, compared to the consensus estimate of $980.20 million. As a group, analysts expect that Antero Resources Co. will post 0.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the completion of the sale, the insider now directly owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.70% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.