Ieq Capital LLC Invests $15.97 Million in Antero Resources Corporation $AR

Ieq Capital LLC purchased a new stake in shares of Antero Resources Corporation (NYSE:AR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 454,400 shares of the oil and natural gas company’s stock, valued at approximately $15,968,000.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Antero Resources in the second quarter worth approximately $966,982,000. Bank of New York Mellon Corp purchased a new stake in Antero Resources in the second quarter valued at $106,063,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Antero Resources in the second quarter valued at $100,212,000. Assenagon Asset Management S.A. lifted its stake in shares of Antero Resources by 177.4% in 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 purchasing an additional 2,309,388 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Antero Resources by 140.2% in the 3rd quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock valued at $116,371,000 after purchasing an additional 2,023,828 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Performance

NYSE:AR opened at $38.04 on Friday. The company has a fifty day simple moving average of $35.08 and a two-hundred day simple moving average of $36.71. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 10.93 and a beta of 0.34. 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.

Analyst Upgrades and Downgrades

AR has been the subject of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $49.00 price target on shares of Antero Resources in a report on Wednesday. Zacks Research lowered shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. The Goldman Sachs Group decreased their target price on shares of Antero Resources from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. JPMorgan Chase & Co. lowered their target price on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Finally, Roth Capital reiterated a “neutral” rating and set a $38.00 price target on shares of Antero Resources in a research report on Thursday, April 30th. Three investment 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.31.

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.