Tejara Capital Ltd Takes $9.99 Million Position in Antero Resources Corporation $AR

Tejara Capital Ltd purchased a new position in Antero Resources Corporation (NYSE:AR) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 284,400 shares of the oil and natural gas company’s stock, valued at approximately $9,994,000. Antero Resources accounts for about 4.1% of Tejara Capital Ltd’s holdings, making the stock its 4th largest position.

A number of other hedge funds also recently bought and sold shares of AR. Eastern Bank bought a new position in Antero Resources during the second quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Antero Resources in the 2nd quarter worth about $29,000. Sunbelt Securities Inc. purchased a new stake in shares of Antero Resources during the 3rd quarter valued at about $30,000. IFP Advisors Inc raised its position in shares of Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Antero Resources during the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

AR has been the topic of a number of recent research reports. Mizuho upped their price objective on Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Citigroup dropped their target price on Antero Resources from $53.00 to $45.00 and set a “buy” rating for the company in a report on Monday, August 3rd. JPMorgan Chase & Co. cut their target price on Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Roth Capital restated a “neutral” rating and issued a $38.00 price target on shares of Antero Resources in a research report on Thursday, April 30th. Finally, Texas Capital upgraded Antero Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.31.

Antero Resources Price Performance

Shares of AR stock opened at $37.77 on Friday. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75. The company has a market capitalization of $11.61 billion, a P/E ratio of 10.85 and a beta of 0.34. The company’s 50-day simple moving average is $35.01 and its two-hundred day simple moving average is $36.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40.

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.