Tejara Capital Ltd Invests $1.34 Million in Antero Resources Corporation $AR

Tejara Capital Ltd acquired a new stake in shares of Antero Resources Corporation (NYSE:AR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 39,800 shares of the oil and natural gas company’s stock, valued at approximately $1,336,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank grew its holdings in shares of Antero Resources by 91.3% during the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after buying an additional 313 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Antero Resources in the 3rd quarter worth approximately $26,000. Newbridge Financial Services Group Inc. grew its stake in Antero Resources by 114.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock worth $38,000 after acquiring an additional 500 shares during the period. FNY Investment Advisers LLC lifted its stake in shares of Antero Resources by 9,900.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock worth $60,000 after purchasing an additional 1,485 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Antero Resources by 701.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after purchasing an additional 2,616 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Activity at Antero Resources

In related news, insider Brendan E. Krueger purchased 5,000 shares of Antero Resources stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $33.35 per share, with a total value of $166,750.00. Following the transaction, the insider owned 295,917 shares of the company’s stock, valued at approximately $9,868,831.95. The trade was a 1.72% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.30% of the company’s stock.

Antero Resources Price Performance

Antero Resources stock opened at $36.34 on Friday. The firm has a fifty day moving average of $34.36 and a 200-day moving average of $33.35. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $44.01. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $11.21 billion, a P/E ratio of 19.33 and a beta of 0.50.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on AR. Wells Fargo & Company upped their target price on Antero Resources from $39.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $39.00 price objective (down previously from $44.00) on shares of Antero Resources in a research note on Monday, December 8th. Morgan Stanley decreased their target price on shares of Antero Resources from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Wall Street Zen lowered shares of Antero Resources from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, BMO Capital Markets lifted their price target on shares of Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $45.60.

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.