SailingStone Capital Partners LLC Boosts Stake in Antero Resources Corporation $AR

Key Points

• SailingStone Capital Partners increased its Antero Resources stake by 62.2% in the second quarter, purchasing 525,037 additional shares to reach 1.37 million shares valued at approximately $48.1 million.
• Institutional investors and hedge funds own 83.04% of Antero Resources, while the stock recently traded at $39.18, up 0.3%, with a market capitalization of about $12.05 billion.
• Analysts maintain a generally positive outlook, with Antero Resources carrying a consensus “Moderate Buy” rating and an average price target of $49.12.

SailingStone Capital Partners LLC increased its holdings in Antero Resources Corporation (NYSE:AR - Free Report) by 62.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,369,303 shares of the oil and natural gas company's stock after purchasing an additional 525,037 shares during the period. Antero Resources makes up 9.3% of SailingStone Capital Partners LLC's portfolio, making the stock its 4th biggest position. SailingStone Capital Partners LLC owned about 0.45% of Antero Resources worth $48,117,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Eastern Bank bought a new position in shares of Antero Resources during the 2nd quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Antero Resources during the second quarter valued at $29,000. Sunbelt Securities Inc. bought a new position in shares of Antero Resources during the third quarter valued at $30,000. Rakuten Securities Inc. acquired a new stake in shares of Antero Resources in the 2nd quarter valued at $31,000. Finally, IFP Advisors Inc boosted its stake in shares of Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company's stock valued at $31,000 after purchasing an additional 345 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Up 0.3%

Shares of NYSE AR opened at $39.18 on Thursday. The firm's 50-day simple moving average is $36.29 and its 200 day simple moving average is $37.17. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 11.26 and a beta of 0.35. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays dropped their target price on shares of 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. Wolfe Research restated an "outperform" rating and issued a $48.00 price target on shares of Antero Resources in a research report on Thursday, July 30th. Zacks Research cut shares of Antero Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Citigroup dropped their price objective on shares of Antero Resources from $53.00 to $45.00 and set a "buy" rating for the company in a report on Monday, August 3rd. Finally, Benchmark lifted their target price on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Antero Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.12.

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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