Antero Resources Corporation $AR Shares Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC boosted its stake in shares of Antero Resources Corporation (NYSE:AR) by 213.9% during the 3rd quarter, Holdings Channel reports. The firm owned 300,000 shares of the oil and natural gas company’s stock after acquiring an additional 204,420 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Antero Resources were worth $10,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Antero Resources in the third quarter worth $26,000. Newbridge Financial Services Group Inc. grew its holdings in shares of Antero Resources by 114.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after buying an additional 500 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of Antero Resources by 100.1% during the third quarter. Clearstead Advisors LLC now owns 2,487 shares of the oil and natural gas company’s stock valued at $83,000 after buying an additional 1,244 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Antero Resources by 701.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after acquiring an additional 2,616 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Antero Resources by 12.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,840 shares of the oil and natural gas company’s stock valued at $129,000 after acquiring an additional 413 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Up 1.6%

NYSE AR opened at $41.02 on Monday. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $44.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market capitalization of $12.65 billion, a PE ratio of 20.30 and a beta of 0.52. The company has a fifty day moving average of $34.84 and a 200 day moving average of $34.03.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.13. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. Research analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Insider Activity at Antero Resources

In other news, insider Yvette K. Schultz sold 15,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $39.33, for a total value of $589,950.00. Following the sale, the insider owned 319,122 shares in the company, valued at $12,551,068.26. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on AR. Mizuho set a $47.00 price target on Antero Resources in a research report on Friday, December 12th. Wells Fargo & Company increased their price objective on Antero Resources from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, February 13th. BMO Capital Markets raised their price objective on Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 9th. TD Cowen raised Antero Resources to a “strong-buy” rating in a report on Monday, February 9th. Finally, Morgan Stanley dropped their target price on Antero Resources from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Four research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $45.87.

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.