Pacer Advisors Inc. Increases Stock Position in Antero Resources Corporation $AR

Pacer Advisors Inc. raised its position in Antero Resources Corporation (NYSE:AR) by 286.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,002 shares of the oil and natural gas company’s stock after acquiring an additional 28,916 shares during the quarter. Pacer Advisors Inc.’s holdings in Antero Resources were worth $1,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Neo Ivy Capital Management purchased a new stake in Antero Resources in the 2nd quarter worth approximately $532,000. Voya Investment Management LLC increased its stake in shares of Antero Resources by 22.8% during the first quarter. Voya Investment Management LLC now owns 184,972 shares of the oil and natural gas company’s stock valued at $7,480,000 after buying an additional 34,311 shares during the period. Edgestream Partners L.P. bought a new position in shares of Antero Resources during the second quarter valued at approximately $3,015,000. Jefferies Financial Group Inc. lifted its stake in Antero Resources by 9.5% in the second quarter. Jefferies Financial Group Inc. now owns 1,956,918 shares of the oil and natural gas company’s stock worth $78,825,000 after acquiring an additional 169,133 shares during the period. Finally, Black Maple Capital Management LP purchased a new stake in Antero Resources in the second quarter worth $7,437,000. 83.04% of the stock is owned by institutional investors.

Antero Resources Price Performance

Shares of NYSE AR opened at $34.47 on Friday. The company has a 50 day simple moving average of $34.30 and a two-hundred day simple moving average of $34.28. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $44.01. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 18.34 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.38). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.07) EPS. Analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Jefferies Financial Group decreased their price objective on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Barclays increased their price target on shares of Antero Resources from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 11th. BMO Capital Markets raised their price objective on shares of Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, December 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $39.00 target price (down previously from $44.00) on shares of Antero Resources in a report on Monday, December 8th. Finally, Citigroup upgraded Antero Resources from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $39.00 in a research note on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and an average price target of $45.47.

Insider Activity at Antero Resources

In related news, insider Brendan E. Krueger purchased 5,000 shares of Antero Resources stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $33.35 per share, for a total transaction of $166,750.00. Following the completion of the acquisition, the insider directly owned 295,917 shares of the company’s stock, valued at $9,868,831.95. The trade was a 1.72% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Antero Resources Profile

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.