Antero Resources Corporation $AR is LSP Investment Advisors LLC's 7th Largest Position

Key Points

• LSP Investment Advisors LLC increased its stake in Antero Resources by 72.8% to 163,600 shares (about $5.49M), making AR its 7th-largest holding and 3.3% of the fund's portfolio.
• Antero reported stronger-than-expected results last quarter with EPS $0.62 vs. $0.49 and revenue of $1.41B (up 20.8% YoY), and analysts carry a consensus "Moderate Buy" rating with a $46 target.
• Insiders own 6.30% of the company and insider Yvette K. Schultz sold 15,000 shares at $39.33, while institutional investors hold roughly 83.04% of AR's stock.

LSP Investment Advisors LLC increased its position in Antero Resources Corporation (NYSE:AR - Free Report) by 72.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,600 shares of the oil and natural gas company's stock after buying an additional 68,900 shares during the period. Antero Resources comprises 3.3% of LSP Investment Advisors LLC's portfolio, making the stock its 7th largest holding. LSP Investment Advisors LLC owned approximately 0.05% of Antero Resources worth $5,490,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AR. Neo Ivy Capital Management purchased a new position in shares of Antero Resources during the 2nd quarter worth $532,000. Stephens Investment Management Group LLC grew its position in shares of Antero Resources by 4.5% in the third quarter. Stephens Investment Management Group LLC now owns 1,185,601 shares of the oil and natural gas company's stock valued at $39,789,000 after purchasing an additional 51,126 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Antero Resources by 103.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 436,476 shares of the oil and natural gas company's stock valued at $14,648,000 after purchasing an additional 222,311 shares during the period. Goodman Financial Corp acquired a new position in Antero Resources in the third quarter valued at $14,791,000. Finally, Edgestream Partners L.P. purchased a new position in Antero Resources during the second quarter worth about $3,015,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $39.33, for a total value of $589,950.00. Following the transaction, the insider owned 319,122 shares in the company, valued at approximately $12,551,068.26. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.30% of the company's stock.

Antero Resources Price Performance

AR stock opened at $41.09 on Tuesday. The company has a market cap of $12.68 billion, a PE ratio of 20.34 and a beta of 0.52. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $35.01 and a two-hundred day moving average price of $34.09. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.13. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the business posted $0.48 EPS. The company's quarterly revenue was up 20.8% compared to the same quarter last year. As a group, research analysts predict that Antero Resources Corporation will post 2.74 EPS for the current year.

Analyst Ratings Changes

AR has been the topic of a number of research analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Antero Resources in a research note on Monday, December 29th. Bank of America upped their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Wednesday, December 10th. Wells Fargo & Company raised their target price on shares of Antero Resources from $49.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, February 13th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $39.00 target price (down from $44.00) on shares of Antero Resources in a report on Monday, December 8th. Finally, Wall Street Zen lowered shares of Antero Resources from a "hold" rating to a "sell" rating in a research report on Friday, November 28th. Four analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.

About Antero Resources

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.

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