429,782 Shares in Antero Resources Corporation $AR Acquired by Readystate Asset Management LP

Readystate Asset Management LP bought a new stake in shares of Antero Resources Corporation (NYSE:AR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 429,782 shares of the oil and natural gas company’s stock, valued at approximately $15,103,000.

Several other institutional investors also recently bought and sold shares of AR. Annandale Capital LLC increased its position in shares of Antero Resources by 0.4% during the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after purchasing an additional 300 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Antero Resources by 16.7% in the 4th quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock worth $73,000 after purchasing an additional 301 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Antero Resources by 2.0% in the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after purchasing an additional 305 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Antero Resources by 4.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after buying an additional 343 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in 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 worth $31,000 after buying an additional 345 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AR has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on Antero Resources from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Wolfe Research restated an “outperform” rating and set a $48.00 price target on shares of Antero Resources in a research note on Thursday, July 30th. Wells Fargo & Company upped their price objective on shares of Antero Resources from $52.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Raymond James Financial increased their price objective on shares of Antero Resources from $50.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 1st. Finally, Zacks Research cut shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.12.

Antero Resources Price Performance

NYSE AR opened at $39.42 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The stock’s fifty day moving average price is $36.02 and its 200 day moving average price is $37.06. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The company has a market cap of $12.12 billion, a price-to-earnings ratio of 11.33 and a beta of 0.35.

About Antero Resources

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.