SailingStone Capital Partners LLC Purchases 525,037 Shares of Antero Resources Corporation $AR

SailingStone Capital Partners LLC boosted its position in Antero Resources Corporation (NYSE:AR) by 62.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,369,303 shares of the oil and natural gas company’s stock after acquiring an additional 525,037 shares during the period. Antero Resources accounts for 9.3% of SailingStone Capital Partners LLC’s portfolio, making the stock its 4th largest position. SailingStone Capital Partners LLC’s holdings in Antero Resources were worth $48,117,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AR. Engineers Gate Manager LP lifted its position in Antero Resources by 158.1% during the 2nd quarter. Engineers Gate Manager LP now owns 217,946 shares of the oil and natural gas company’s stock valued at $7,659,000 after purchasing an additional 133,494 shares during the period. IFP Advisors Inc grew its position in shares of Antero Resources by 193.4% during the 2nd quarter. IFP Advisors Inc now owns 6,622 shares of the oil and natural gas company’s stock worth $233,000 after buying an additional 4,365 shares during the period. Mraz Amerine & Associates Inc. raised its stake in shares of Antero Resources by 4.5% during the second quarter. Mraz Amerine & Associates Inc. now owns 162,114 shares of the oil and natural gas company’s stock worth $5,697,000 after buying an additional 6,960 shares during the last quarter. Allworth Financial LP raised its stake in shares of Antero Resources by 17.5% during the second quarter. Allworth Financial LP now owns 11,044 shares of the oil and natural gas company’s stock worth $388,000 after buying an additional 1,648 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in Antero Resources by 0.5% in the second quarter. Arizona State Retirement System now owns 80,875 shares of the oil and natural gas company’s stock valued at $2,842,000 after buying an additional 394 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Performance

Shares of AR stock opened at $39.18 on Thursday. The company has a market capitalization of $12.05 billion, a P/E ratio of 11.26 and a beta of 0.35. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The company’s 50 day moving average price is $36.29 and its two-hundred day moving average price is $37.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40.

Analyst Ratings Changes

AR has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on shares of Antero Resources from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Morgan Stanley reissued an “overweight” rating and issued a $49.00 price target on shares of Antero Resources in a research note on Wednesday, August 19th. UBS Group raised their price target on Antero Resources from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Barclays decreased their price objective on Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, August 17th. Finally, Truist Financial cut their target price on Antero Resources from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus target price of $49.12.

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.