SIR Capital Management L.P. Acquires Shares of 825,364 Antero Resources Corporation $AR

SIR Capital Management L.P. purchased a new position in Antero Resources Corporation (NYSE:AR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 825,364 shares of the oil and natural gas company’s stock, valued at approximately $29,003,000. Antero Resources makes up about 3.3% of SIR Capital Management L.P.’s portfolio, making the stock its 6th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Antero Resources during the 2nd quarter valued at approximately $966,982,000. Bank of New York Mellon Corp acquired a new position in shares of Antero Resources in the 2nd quarter valued at approximately $106,063,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Antero Resources during the 2nd quarter valued at approximately $100,212,000. Assenagon Asset Management S.A. boosted its stake in shares of Antero Resources by 177.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company’s stock valued at $153,261,000 after buying an additional 2,309,388 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Antero Resources by 140.2% during the third quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock worth $116,371,000 after buying an additional 2,023,828 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AR. UBS Group lifted their price target on shares of Antero Resources from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Barclays decreased their price objective on shares of Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. Morgan Stanley restated an “overweight” rating and issued a $49.00 target price on shares of Antero Resources in a research note on Wednesday, August 19th. Wells Fargo & Company increased their price target on shares of Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Citigroup decreased their price target on Antero Resources from $53.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.31.

Antero Resources Stock Down 0.1%

NYSE:AR opened at $37.89 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average of $35.15 and a 200-day moving average of $36.76. The firm has a market capitalization of $11.65 billion, a PE ratio of 10.89 and a beta of 0.34. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75.

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.