Fore Capital LLC Invests $1.05 Million in Antero Resources Corporation $AR

Key Points

• Fore Capital purchased 30,000 shares of Antero Resources in the second quarter, valued at approximately $1.05 million and representing 0.3% of its portfolio. Institutional investors collectively own 83.04% of the company.
• Antero Resources shares opened at $37.10, with a 12-month range of $29.10 to $45.75, a market capitalization of $11.41 billion, and a price-to-earnings ratio of 10.66.
• Analyst sentiment is generally positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $48.25, although several firms recently lowered their targets.

Fore Capital LLC purchased a new stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 30,000 shares of the oil and natural gas company's stock, valued at approximately $1,054,000. Antero Resources comprises about 0.3% of Fore Capital LLC's investment portfolio, making the stock its 24th largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Antero Resources during the second quarter valued at approximately $966,982,000. Bank of New York Mellon Corp bought a new position in Antero Resources in the 2nd quarter valued at $106,063,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Antero Resources in the second quarter worth $100,212,000. Assenagon Asset Management S.A. lifted its position in shares of Antero Resources by 177.4% during the first quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company's stock worth $153,261,000 after purchasing an additional 2,309,388 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Antero Resources by 140.2% during the third quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company's stock worth $116,371,000 after purchasing an additional 2,023,828 shares during the last quarter. Institutional investors own 83.04% of the company's stock.

Antero Resources Price Performance

Shares of NYSE:AR opened at $37.10 on Wednesday. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. The company's 50 day moving average is $34.91 and its 200 day moving average is $36.68. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. The company has a market cap of $11.41 billion, a PE ratio of 10.66 and a beta of 0.34.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Roth Capital reaffirmed a "neutral" rating and issued a $38.00 price target on shares of Antero Resources in a research note on Thursday, April 30th. Citigroup dropped their target price on shares of Antero Resources from $53.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, August 3rd. JPMorgan Chase & Co. reduced their target price on shares of Antero Resources from $49.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 8th. Mizuho lifted their price target on shares of Antero Resources from $54.00 to $57.00 and gave the company an "outperform" rating in a research note on Thursday, June 25th. Finally, Barclays lowered their price target on Antero Resources from $46.00 to $45.00 and set an "equal weight" rating for the company in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Antero Resources presently has an average rating of "Moderate Buy" and an average price target of $48.25.

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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