Antero Resources Corporation $AR Stock Position Trimmed by Goodlander Investment Management LLC

Key Points

• Goodlander Investment Management LLC reduced its stake in Antero Resources by 15.0%, holding 340,000 shares after selling 60,000 shares in the first quarter.
• Several institutional investors increased their positions, with Driehaus Capital Management boosting its holdings by 18.1% to own over 1 million shares.
• Analyst ratings for Antero Resources are generally positive, with a consensus rating of "Moderate Buy" and a price target around $43.65.

Goodlander Investment Management LLC lessened its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 340,000 shares of the oil and natural gas company's stock after selling 60,000 shares during the quarter. Antero Resources accounts for about 11.7% of Goodlander Investment Management LLC's portfolio, making the stock its 4th largest holding. Goodlander Investment Management LLC owned about 0.11% of Antero Resources worth $13,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Engine NO. 1 LLC acquired a new position in shares of Antero Resources in the 1st quarter valued at about $5,581,000. Driehaus Capital Management LLC lifted its holdings in shares of Antero Resources by 18.1% in the 1st quarter. Driehaus Capital Management LLC now owns 1,010,947 shares of the oil and natural gas company's stock valued at $40,883,000 after buying an additional 154,942 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Antero Resources in the 1st quarter valued at about $1,375,000. Trexquant Investment LP acquired a new position in shares of Antero Resources in the 1st quarter valued at about $21,844,000. Finally, Ieq Capital LLC lifted its holdings in shares of Antero Resources by 133.5% in the 1st quarter. Ieq Capital LLC now owns 82,607 shares of the oil and natural gas company's stock valued at $3,341,000 after buying an additional 47,230 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AR shares. Scotiabank reissued an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. Morgan Stanley boosted their price objective on Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Monday, August 4th. UBS Group raised Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price target for the company in a report on Wednesday, August 20th. Bank of America upped their price target on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company set a $39.00 price target on Antero Resources and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.65.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $31.90 on Friday. The business has a 50 day simple moving average of $34.60 and a two-hundred day simple moving average of $36.66. Antero Resources Corporation has a 12 month low of $24.53 and a 12 month high of $44.01. The stock has a market capitalization of $9.85 billion, a P/E ratio of 20.32 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the company earned ($0.21) EPS. Antero Resources's revenue was up 32.6% compared to the same quarter last year. As a group, analysts predict that Antero Resources Corporation will post 2.74 EPS for the current fiscal 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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