Squarepoint Ops LLC Cuts Position in Antero Resources Corporation $AR

Squarepoint Ops LLC trimmed its holdings in shares of Antero Resources Corporation (NYSE:AR) by 72.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 362,819 shares of the oil and natural gas company’s stock after selling 931,820 shares during the quarter. Squarepoint Ops LLC’s holdings in Antero Resources were worth $12,749,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AR. BlackRock Inc. acquired a new stake in shares of Antero Resources in the second quarter worth $966,982,000. California State Teachers Retirement System raised its stake in shares of Antero Resources by 3,427.9% in the 2nd quarter. California State Teachers Retirement System now owns 11,957,720 shares of the oil and natural gas company’s stock valued at $420,194,000 after acquiring an additional 11,618,775 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Antero Resources during the 2nd quarter valued at $106,063,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Antero Resources during the 2nd quarter valued at $100,212,000. Finally, Palo Duro Investment Partners LP purchased a new stake in Antero Resources during the 2nd quarter worth $95,985,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Price Performance

Shares of AR stock opened at $39.18 on Thursday. The firm has a fifty day simple moving average of $36.29 and a 200-day simple moving average of $37.17. The company has a market capitalization of $12.05 billion, a PE ratio of 11.26 and a beta of 0.35. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AR shares. Citigroup lowered their price target on Antero Resources from $53.00 to $45.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Weiss Ratings upgraded Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, September 3rd. UBS Group upped their target price on Antero Resources from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Morgan Stanley reiterated an “overweight” rating and issued a $49.00 target price on shares of Antero Resources in a research note on Wednesday, August 19th. Finally, JPMorgan Chase & Co. dropped their target price on Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.12.

Antero Resources Company Profile

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.