65,000 Shares in Antero Resources Corporation $AR Acquired by Fore Capital LLC

Fore Capital LLC bought a new position in shares of Antero Resources Corporation (NYSE:AR) during the fourth quarter, HoldingsChannel.com reports. The firm bought 65,000 shares of the oil and natural gas company’s stock, valued at approximately $2,240,000. Antero Resources comprises about 0.7% of Fore Capital LLC’s portfolio, making the stock its 14th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new stake in Antero Resources during the third quarter worth approximately $30,000. IFP Advisors Inc raised its stake in Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 345 shares during the period. SBI Okasan Asset Management Co.Ltd. purchased a new position in Antero Resources during the fourth quarter worth approximately $45,000. Sound Income Strategies LLC raised its stake in Antero Resources by 167.8% during the fourth quarter. Sound Income Strategies LLC now owns 1,824 shares of the oil and natural gas company’s stock worth $59,000 after purchasing an additional 1,143 shares during the period. Finally, Clearstead Advisors LLC raised its stake in Antero Resources by 100.1% during the third quarter. Clearstead Advisors LLC now owns 2,487 shares of the oil and natural gas company’s stock worth $83,000 after purchasing an additional 1,244 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Activity

In other news, Director Benjamin A. Hardesty sold 12,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total value of $528,000.00. Following the transaction, the director owned 150,242 shares of the company’s stock, valued at approximately $6,610,648. This trade represents a 7.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. This represents a 14.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 252,316 shares of company stock valued at $9,977,259. Company insiders own 4.10% of the company’s stock.

Antero Resources Stock Performance

Shares of AR stock opened at $37.18 on Friday. The company’s fifty day simple moving average is $38.28 and its 200-day simple moving average is $36.44. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The company has a market cap of $11.52 billion, a PE ratio of 12.07 and a beta of 0.33.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AR shares. Morgan Stanley increased their price target on shares of Antero Resources from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Mizuho increased their price target on shares of Antero Resources from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Truist Financial started coverage on shares of Antero Resources in a research note on Tuesday, March 24th. They set a “buy” rating and a $56.00 price target on the stock. Benchmark raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Thursday, March 5th. Finally, Barclays increased their price target on shares of Antero Resources from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.06.

Antero Resources Company 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.