Slate Path Capital LP Invests $35.47 Million in Antero Resources Co. (NYSE:AR)

Slate Path Capital LP acquired a new stake in shares of Antero Resources Co. (NYSE:AR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,012,000 shares of the oil and natural gas company's stock, valued at approximately $35,471,000. Slate Path Capital LP owned approximately 0.33% of Antero Resources at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors LLC purchased a new position in Antero Resources in the 3rd quarter valued at approximately $210,000. Franklin Resources Inc. raised its stake in Antero Resources by 40.6% in the third quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company's stock valued at $21,209,000 after purchasing an additional 218,517 shares in the last quarter. Confluence Investment Management LLC lifted its holdings in shares of Antero Resources by 6.4% during the 4th quarter. Confluence Investment Management LLC now owns 21,219 shares of the oil and natural gas company's stock worth $744,000 after acquiring an additional 1,280 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Antero Resources by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company's stock worth $107,000 after purchasing an additional 418 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in Antero Resources in the fourth quarter worth approximately $365,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Williams Trading set a $48.00 price target on shares of Antero Resources in a research report on Wednesday, March 5th. StockNews.com raised shares of Antero Resources to a "sell" rating in a research report on Thursday, February 13th. Raymond James raised their target price on Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Truist Financial lifted their price target on shares of Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Finally, UBS Group boosted their target price on Antero Resources from $39.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.44.

Insider Activity at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the transaction, the director now owns 1,800,000 shares of the company's stock, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.70% of the stock is owned by corporate insiders.

Antero Resources Stock Performance

Shares of NYSE AR traded up $0.79 during midday trading on Friday, hitting $35.33. 5,498,209 shares of the company's stock traded hands, compared to its average volume of 4,131,555. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 110.41 and a beta of 3.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a fifty day moving average of $36.63 and a 200 day moving average of $34.61.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. On average, analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current year.

Antero Resources Company 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.