AXQ Capital LP Has $805,000 Stake in Antero Resources Corporation $AR

AXQ Capital LP lessened its stake in shares of Antero Resources Corporation (NYSE:AR) by 40.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 23,973 shares of the oil and natural gas company’s stock after selling 16,303 shares during the quarter. AXQ Capital LP’s holdings in Antero Resources were worth $805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AR. Neo Ivy Capital Management bought a new stake in shares of Antero Resources during the 2nd quarter worth $532,000. Stephens Investment Management Group LLC boosted its holdings in Antero Resources by 4.5% during the third quarter. Stephens Investment Management Group LLC now owns 1,185,601 shares of the oil and natural gas company’s stock valued at $39,789,000 after acquiring an additional 51,126 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Antero Resources by 103.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 436,476 shares of the oil and natural gas company’s stock valued at $14,648,000 after purchasing an additional 222,311 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Antero Resources in the second quarter worth about $3,015,000. Finally, Diamond Hill Capital Management Inc. increased its stake in shares of Antero Resources by 43.4% in the third quarter. Diamond Hill Capital Management Inc. now owns 595,608 shares of the oil and natural gas company’s stock worth $19,989,000 after purchasing an additional 180,390 shares during the period. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

NYSE AR opened at $34.01 on Tuesday. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $44.01. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The stock has a market cap of $10.49 billion, a P/E ratio of 16.84 and a beta of 0.55. The company’s 50-day simple moving average is $33.86 and its 200 day simple moving average is $33.41.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. As a group, research analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AR has been the topic of a number of research analyst reports. Roth Mkm reaffirmed a “neutral” rating and issued a $36.00 target price on shares of Antero Resources in a report on Monday, December 8th. TD Cowen raised Antero Resources to a “strong-buy” rating in a research report on Monday, February 9th. Bank of America raised their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. UBS Group reiterated a “buy” rating and set a $45.00 target price on shares of Antero Resources in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $39.00 price target (down from $44.00) on shares of Antero Resources in a report on Monday, December 8th. Four equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.93.

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.