Engineers Gate Manager LP Has $7.66 Million Stake in Antero Resources Corporation $AR

Engineers Gate Manager LP grew its position in Antero Resources Corporation (NYSE:AR) by 158.1% in the second quarter, HoldingsChannel.com reports. The fund owned 217,946 shares of the oil and natural gas company’s stock after buying an additional 133,494 shares during the quarter. Engineers Gate Manager LP’s holdings in Antero Resources were worth $7,659,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. NewEdge Advisors LLC raised its position in Antero Resources by 16,498.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock valued at $389,000 after purchasing an additional 9,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Antero Resources by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock valued at $23,882,000 after buying an additional 43,312 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Antero Resources by 18.9% in the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock valued at $806,000 after buying an additional 3,169 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Antero Resources by 701.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after buying an additional 2,616 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Antero Resources by 22.5% in the second quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock valued at $1,470,000 after buying an additional 6,700 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Morgan Stanley reissued an “overweight” rating and set a $49.00 price objective on shares of Antero Resources in a report on Wednesday, August 19th. Texas Capital raised shares of Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Barclays reduced their target price on shares of Antero Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. Raymond James Financial increased their price target on shares of Antero Resources from $50.00 to $55.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 1st. Finally, Stifel Nicolaus began coverage on shares of Antero Resources in a report on Thursday. They issued a “hold” rating and a $42.00 price target for the company. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.72.

Antero Resources Price Performance

Antero Resources stock opened at $39.14 on Friday. The business’s 50-day simple moving average is $36.36 and its 200 day simple moving average is $37.19. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 11.25 and a beta of 0.35. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29.

About Antero Resources

Antero Resources Corporation (NYSE: AR) is an independent oil and natural gas exploration and production company. Its operations are focused primarily on developing unconventional reserves in the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and oil.

The company’s core properties are located in the Marcellus and Utica shale plays of West Virginia and Ohio. Its products include natural gas and NGLs such as ethane, propane, butane and natural gasoline, which are marketed to customers in domestic and international energy markets.

Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.