Oak Thistle LLC Acquires 16,937 Shares of Antero Resources Corporation $AR

Oak Thistle LLC lifted its holdings in Antero Resources Corporation (NYSE:AR) by 58.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,911 shares of the oil and natural gas company’s stock after buying an additional 16,937 shares during the quarter. Oak Thistle LLC’s holdings in Antero Resources were worth $1,541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC raised its stake in shares of Antero Resources by 275.3% in the first quarter. Hsbc Holdings PLC now owns 83,337 shares of the oil and natural gas company’s stock worth $3,395,000 after acquiring an additional 61,133 shares during the last quarter. Banco BTG Pactual S.A. increased its holdings in shares of Antero Resources by 50.0% in the first quarter. Banco BTG Pactual S.A. now owns 9,600 shares of the oil and natural gas company’s stock valued at $388,000 after purchasing an additional 3,200 shares in the last quarter. Summit Financial LLC increased its holdings in shares of Antero Resources by 3.7% in the first quarter. Summit Financial LLC now owns 15,551 shares of the oil and natural gas company’s stock valued at $629,000 after purchasing an additional 548 shares in the last quarter. Ameriprise Financial Inc. raised its position in Antero Resources by 46.1% in the 1st quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company’s stock worth $92,563,000 after purchasing an additional 721,767 shares during the last quarter. Finally, Compound Planning Inc. lifted its holdings in Antero Resources by 5.0% during the 1st quarter. Compound Planning Inc. now owns 9,722 shares of the oil and natural gas company’s stock worth $393,000 after buying an additional 461 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of AR opened at $34.28 on Thursday. The stock has a market cap of $10.58 billion, a P/E ratio of 18.24 and a beta of 0.57. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $44.01. The stock’s 50-day moving average price is $33.81 and its two-hundred day moving average price is $34.60. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.17.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.25 billion. Antero Resources had a net margin of 11.73% and a return on equity of 7.51%. The business’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, equities analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AR shares. Morgan Stanley lifted their target price on Antero Resources from $44.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, December 9th. Barclays lifted their price objective on Antero Resources from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 11th. Roth Capital reissued a “neutral” rating and set a $36.00 price objective on shares of Antero Resources in a report on Monday, December 8th. Tudor Pickering raised shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Finally, Benchmark reiterated a “hold” rating on shares of Antero Resources in a research report on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.47.

Insider Buying and Selling at Antero Resources

In other news, insider Brendan E. Krueger purchased 5,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $33.35 per share, with a total value of $166,750.00. Following the acquisition, the insider directly owned 295,917 shares of the company’s stock, valued at approximately $9,868,831.95. This represents a 1.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

About Antero Resources

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.