AXQ Capital LP Takes $1.51 Million Position in Antero Resources Corporation $AR

Key Points

• AXQ Capital LP acquired 43,005 shares of Antero Resources in the second quarter, valued at approximately $1.51 million. Institutional investors and hedge funds collectively own 83.04% of the company.
• Analyst sentiment remains positive, with Antero Resources carrying a “Moderate Buy” consensus rating and an average price target of $49.12. Recent targets range from $45 to $55, including upgrades from Benchmark and Raymond James.
• Antero Resources shares opened at $39.42, with a market capitalization of $12.12 billion and a 52-week range of $29.10 to $45.75. The company develops natural gas, NGL and oil properties across approximately 1.8 million net acres in the Appalachian Basin.

AXQ Capital LP acquired a new position in Antero Resources Corporation (NYSE:AR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 43,005 shares of the oil and natural gas company's stock, valued at approximately $1,511,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brandywine Global Investment Management LLC lifted its holdings in shares of Antero Resources by 77.8% in the 4th quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company's stock valued at $7,425,000 after buying an additional 94,260 shares during the period. Kailix Advisors LLC lifted its position in shares of Antero Resources by 15.5% in the fourth quarter. Kailix Advisors LLC now owns 374,484 shares of the oil and natural gas company's stock valued at $12,905,000 after acquiring an additional 50,150 shares in the last quarter. BIP Wealth LLC purchased a new stake in shares of Antero Resources during the second quarter worth $1,633,000. Diamond Hill Capital Management Inc. raised its holdings in Antero Resources by 10.8% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company's stock valued at $22,743,000 after acquiring an additional 64,378 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Antero Resources by 22.5% in the 4th quarter. Bank of New York Mellon Corp now owns 3,101,208 shares of the oil and natural gas company's stock worth $106,868,000 after acquiring an additional 569,817 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price target on Antero Resources from $49.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 8th. Texas Capital upgraded Antero Resources to a "strong-buy" rating in a research note on Thursday, June 25th. Barclays lowered their price objective on Antero Resources from $46.00 to $45.00 and set an "equal weight" rating for the company in a research report on Monday, August 17th. Benchmark raised their target price on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Finally, Raymond James Financial lifted their price target on shares of Antero Resources from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research note on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Antero Resources presently has an average rating of "Moderate Buy" and a consensus target price of $49.12.

Antero Resources Stock Performance

Shares of AR opened at $39.42 on Friday. The stock has a market capitalization of $12.12 billion, a P/E ratio of 11.33 and a beta of 0.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The company's fifty day moving average is $36.02 and its two-hundred day moving average is $37.04.

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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