Fore Capital LLC Makes New Investment in Antero Resources Corporation $AR

Fore Capital LLC bought a new position in shares of Antero Resources Corporation (NYSE:AR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 65,000 shares of the oil and natural gas company’s stock, valued at approximately $2,240,000. Antero Resources accounts for 0.7% of Fore Capital LLC’s holdings, making the stock its 14th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cibc World Market Inc. acquired a new position in Antero Resources during the fourth quarter worth about $1,154,000. Sivia Capital Partners LLC acquired a new position in Antero Resources during the fourth quarter worth about $367,000. Bank of New York Mellon Corp grew its position in Antero Resources by 22.5% during the fourth quarter. Bank of New York Mellon Corp now owns 3,101,208 shares of the oil and natural gas company’s stock worth $106,868,000 after buying an additional 569,817 shares during the period. Bridges Investment Management Inc. acquired a new position in Antero Resources during the fourth quarter worth about $227,000. Finally, Fielder Capital Group LLC grew its position in Antero Resources by 7.3% during the fourth quarter. Fielder Capital Group LLC now owns 128,430 shares of the oil and natural gas company’s stock worth $4,426,000 after buying an additional 8,738 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Antero Resources

In related news, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the sale, the insider owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the sale, the insider owned 277,665 shares in the company, valued at approximately $10,903,904.55. This trade represents a 12.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 252,316 shares of company stock valued at $9,977,259 over the last quarter. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AR. Morgan Stanley upped their target price on shares of Antero Resources from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Mizuho upped their target price on shares of Antero Resources from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. UBS Group upped their price target on shares of Antero Resources from $54.00 to $56.00 and gave the company a “buy” rating in a report on Friday, May 1st. Roth Mkm reaffirmed a “neutral” rating and issued a $38.00 price target on shares of Antero Resources in a report on Thursday, April 30th. Finally, Williams Trading set a $56.00 price target on shares of Antero Resources in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.06.

Antero Resources Stock Up 1.8%

Shares of NYSE AR opened at $37.18 on Friday. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The company has a market capitalization of $11.52 billion, a PE ratio of 12.07 and a beta of 0.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40. The firm’s 50-day moving average is $38.28 and its two-hundred day moving average is $36.44.

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.