Antero Resources Corporation $AR Shares Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC increased its stake in Antero Resources Corporation (NYSE:AR) by 16.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 249,790 shares of the oil and natural gas company’s stock after acquiring an additional 36,004 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.08% of Antero Resources worth $8,608,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in shares of Antero Resources in the 3rd quarter worth $30,000. IFP Advisors Inc grew its holdings in shares of Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after acquiring an additional 345 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Antero Resources in the 4th quarter worth $41,000. Hilton Head Capital Partners LLC acquired a new position in shares of Antero Resources in the 4th quarter worth $44,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Antero Resources in the 4th quarter worth $45,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.33, for a total value of $7,308,536.58. Following the completion of the sale, the insider owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the sale, the insider directly owned 277,665 shares of the company’s stock, valued at $10,903,904.55. This represents a 12.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Williams Trading set a $56.00 target price on Antero Resources in a report on Monday, April 20th. Bank of America lifted their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Morgan Stanley lifted their price target on Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Mizuho lifted their price target on Antero Resources from $50.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Finally, Roth Mkm reiterated a “neutral” rating and set a $38.00 price target on shares of Antero Resources in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and an average target price of $50.06.

Antero Resources Stock Performance

Shares of NYSE AR opened at $33.90 on Thursday. The business’s 50-day moving average price is $36.87 and its two-hundred day moving average price is $36.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75. The company has a market capitalization of $10.50 billion, a P/E ratio of 11.01 and a beta of 0.33.

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.