Brevan Howard Capital Management LP Invests $651,000 in Antero Resources Co. (NYSE:AR)

Brevan Howard Capital Management LP purchased a new stake in Antero Resources Co. (NYSE:AR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 18,561 shares of the oil and natural gas company's stock, valued at approximately $651,000.

Several other institutional investors also recently bought and sold shares of AR. Oregon Public Employees Retirement Fund boosted its stake in shares of Antero Resources by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company's stock worth $2,085,000 after acquiring an additional 300 shares during the last quarter. Net Worth Advisory Group grew its holdings in shares of Antero Resources by 2.2% during the fourth quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company's stock worth $582,000 after buying an additional 354 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Antero Resources by 2.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company's stock worth $503,000 after buying an additional 370 shares in the last quarter. Caprock Group LLC lifted its stake in shares of Antero Resources by 0.6% in the fourth quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company's stock worth $2,047,000 after buying an additional 374 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of Antero Resources by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 5,323 shares of the oil and natural gas company's stock worth $187,000 after buying an additional 386 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Williams Trading set a $48.00 price target on Antero Resources in a report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price objective on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. TD Cowen raised Antero Resources from a "hold" rating to a "buy" rating and raised their target price for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. Finally, Benchmark reissued a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.39.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares of the company's stock, valued at $71,568,000. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is currently owned by corporate insiders.

Antero Resources Price Performance

AR stock opened at $37.39 on Friday. The business's fifty day moving average price is $36.30 and its 200 day moving average price is $35.03. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $42.63. The company has a market capitalization of $11.61 billion, a PE ratio of 116.86 and a beta of 0.66. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.10. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The business's quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 earnings per share. On average, sell-side analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current year.

Antero Resources 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.

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