SIR Capital Management L.P. Has $17.74 Million Stake in Antero Resources Corporation $AR

SIR Capital Management L.P. decreased its stake in Antero Resources Corporation (NYSE:AR) by 46.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 514,666 shares of the oil and natural gas company’s stock after selling 443,538 shares during the period. Antero Resources comprises 2.0% of SIR Capital Management L.P.’s holdings, making the stock its 17th largest position. SIR Capital Management L.P.’s holdings in Antero Resources were worth $17,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new position in Antero Resources in the third quarter valued at about $30,000. IFP Advisors Inc lifted its stake in Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares during the period. Los Angeles Capital Management LLC acquired a new position in Antero Resources in the fourth quarter valued at about $41,000. Hilton Head Capital Partners LLC acquired a new position in Antero Resources in the fourth quarter valued at about $44,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new position in Antero Resources in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Up 1.7%

Shares of Antero Resources stock opened at $34.80 on Friday. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The business has a 50-day moving average of $37.26 and a two-hundred day moving average of $36.46. The company has a market capitalization of $10.78 billion, a P/E ratio of 11.30 and a beta of 0.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40.

Analysts Set New Price Targets

Several equities analysts have weighed in on AR shares. Morgan Stanley increased their target price on Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Bank of America increased their target price on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. UBS Group increased their target price on Antero Resources from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Barclays increased their price target on Antero Resources from $41.00 to $43.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Finally, Williams Trading set a $56.00 price target on Antero Resources in a report on Monday, April 20th. Four analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.06.

Insiders Place Their Bets

In other Antero Resources news, insider Yvette K. Schultz sold 39,490 shares of the 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 in the company, valued at $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin A. Hardesty sold 12,000 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $44.00, for a total value of $528,000.00. Following the completion of the sale, the director owned 150,242 shares of the company’s stock, valued at $6,610,648. This trade represents a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 237,316 shares of company stock worth $9,387,309 over the last ninety days. 4.10% of the stock is currently owned by corporate insiders.

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.