GSA Capital Partners LLP Invests $832,000 in Antero Resources Corporation $AR

GSA Capital Partners LLP bought a new stake in shares of Antero Resources Corporation (NYSE:AR) during the 2nd quarter, Holdings Channel reports. The fund bought 23,681 shares of the oil and natural gas company’s stock, valued at approximately $832,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AR. Eastern Bank purchased a new stake in Antero Resources in the second quarter worth $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Antero Resources in the 3rd quarter worth about $30,000. IFP Advisors Inc boosted its stake in shares of Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 345 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Antero Resources during the fourth quarter valued at about $41,000. Finally, Hilton Head Capital Partners LLC bought a new position in Antero Resources in the fourth quarter worth about $44,000. Institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. UBS Group lifted their price objective on Antero Resources from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings upgraded Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Morgan Stanley dropped their price target on Antero Resources from $56.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Barclays decreased their price objective on Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Bank of America raised their price objective on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.25.

Antero Resources Price Performance

AR stock opened at $37.10 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a 50 day moving average price of $34.91 and a 200-day moving average price of $36.68. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $45.75. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 10.66 and a beta of 0.34.

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.