Raging Capital Management LLC increased its stake in Antero Resources Corporation (NYSE:AR) by 0.6% during the first quarter, Holdings Channel reports. The fund owned 1,060,624 shares of the oil and natural gas company’s stock after buying an additional 5,908 shares during the period. Antero Resources Corporation makes up about 2.5% of Raging Capital Management LLC’s holdings, making the stock its 13th largest position. Raging Capital Management LLC owned approximately 0.34% of Antero Resources Corporation worth $24,193,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Advisors Capital Management LLC acquired a new stake in Antero Resources Corporation during the first quarter worth $156,000. Daiwa Securities Group Inc. increased its stake in Antero Resources Corporation by 29.4% in the first quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the oil and natural gas company’s stock worth $100,000 after buying an additional 1,000 shares during the period. Seven Eight Capital LP acquired a new stake in Antero Resources Corporation during the fourth quarter worth $132,000. First Quadrant L P CA acquired a new stake in Antero Resources Corporation during the first quarter worth $141,000. Finally, Tyers Asset Management LLC acquired a new stake in Antero Resources Corporation during the fourth quarter worth $160,000. Institutional investors and hedge funds own 91.80% of the company’s stock.
Antero Resources Corporation (NYSE:AR) traded up 1.12% during midday trading on Friday, reaching $22.60. 4,660,879 shares of the company were exchanged. Antero Resources Corporation has a 52 week low of $19.51 and a 52 week high of $28.92. The company’s market capitalization is $7.13 billion. The firm has a 50-day moving average price of $21.16 and a 200-day moving average price of $23.47.
Antero Resources Corporation (NYSE:AR) last posted its quarterly earnings results on Monday, May 8th. The oil and natural gas company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.01 by $0.17. The firm had revenue of $801.65 million for the quarter, compared to analyst estimates of $762.70 million. During the same quarter last year, the firm earned $0.17 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Antero Resources Corporation will post $0.54 earnings per share for the current fiscal year.
Several brokerages recently commented on AR. Zacks Investment Research downgraded shares of Antero Resources Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Guggenheim upgraded shares of Antero Resources Corporation from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Thursday, March 16th. Scotiabank set a $31.00 price target on shares of Antero Resources Corporation and gave the company a “buy” rating in a report on Monday, March 27th. KLR Group reiterated a “buy” rating and set a $35.00 price target on shares of Antero Resources Corporation in a report on Wednesday, March 1st. Finally, ValuEngine downgraded shares of Antero Resources Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.19.
In other news, insider Paul M. Rady purchased 500,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was bought at an average price of $21.11 per share, for a total transaction of $10,555,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 10.80% of the company’s stock.
About Antero Resources Corporation
Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.
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