GeoSphere Capital Management LLC Cuts Holdings in Antero Resources Co. (NYSE:AR)

GeoSphere Capital Management LLC lessened its stake in Antero Resources Co. (NYSE:AR) by 30.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,000 shares of the oil and natural gas company’s stock after selling 30,000 shares during the quarter. Antero Resources accounts for approximately 1.2% of GeoSphere Capital Management LLC’s portfolio, making the stock its 17th biggest position. GeoSphere Capital Management LLC’s holdings in Antero Resources were worth $2,454,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AR. Janney Montgomery Scott LLC raised its stake in Antero Resources by 83.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock valued at $928,000 after buying an additional 12,062 shares in the last quarter. Slate Path Capital LP purchased a new position in shares of Antero Resources in the 4th quarter valued at about $35,471,000. Wealthfront Advisers LLC acquired a new stake in shares of Antero Resources during the 4th quarter worth about $556,000. Allspring Global Investments Holdings LLC lifted its stake in Antero Resources by 1,423.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock worth $304,000 after purchasing an additional 7,983 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Antero Resources by 7.3% in the fourth quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company’s stock valued at $6,246,000 after purchasing an additional 12,156 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. TD Cowen raised shares of Antero Resources from a “hold” rating to a “buy” rating and raised their price objective for the stock from $40.00 to $46.00 in a report on Tuesday, April 8th. Wells Fargo & Company boosted their price target on shares of Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 19th. Raymond James raised their price objective on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. Finally, UBS Group raised their price target on Antero Resources from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.39.

Antero Resources Price Performance

AR stock opened at $38.69 on Friday. The firm has a 50 day moving average of $36.34 and a 200-day moving average of $35.11. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $42.63. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 120.91 and a beta of 0.66.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.10. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Antero Resources’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. As a group, equities analysts expect that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, the director now directly owns 1,800,000 shares of the company’s stock, valued at $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Antero Resources Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.