Canada Pension Plan Investment Board Makes New Investment in Antero Resources Corporation $AR

Canada Pension Plan Investment Board acquired a new position in Antero Resources Corporation (NYSE:AR) in the second quarter, Holdings Channel.com reports. The firm acquired 2,224,732 shares of the oil and natural gas company’s stock, valued at approximately $78,177,000.

Other institutional investors have also recently modified their holdings of the company. Manatuck Hill Partners LLC purchased a new position in shares of Antero Resources during the 2nd quarter valued at about $878,000. SIR Capital Management L.P. bought a new position in Antero Resources during the second quarter valued at approximately $29,003,000. Legal & General Group Plc purchased a new position in shares of Antero Resources during the second quarter worth approximately $18,288,000. The Manufacturers Life Insurance Company purchased a new position in shares of Antero Resources during the second quarter worth approximately $10,235,000. Finally, Webs Creek Capital Management LP bought a new stake in shares of Antero Resources in the 2nd quarter worth approximately $46,963,240,000. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AR shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $57.00 target price on shares of Antero Resources in a report on Friday, May 1st. Weiss Ratings raised shares of Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Wells Fargo & Company upped their price target on shares of Antero Resources from $52.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Benchmark raised their price objective on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, Texas Capital upgraded Antero Resources to a “strong-buy” rating in a report on Thursday, June 25th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and an average price target of $48.31.

Antero Resources Stock Up 1.6%

Shares of NYSE AR opened at $38.54 on Thursday. 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 52 week low of $29.10 and a 52 week high of $45.75. The firm’s fifty day moving average is $35.33 and its 200 day moving average is $36.82. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 11.07 and a beta of 0.34.

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.