Jupiter Asset Management Ltd. Buys Shares of 1,571,424 Antero Resources Corporation $AR

Jupiter Asset Management Ltd. purchased a new position in shares of Antero Resources Corporation (NYSE:AR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,571,424 shares of the oil and natural gas company’s stock, valued at approximately $52,737,000. Jupiter Asset Management Ltd. owned about 0.51% of Antero Resources as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Pekin Hardy Strauss Inc. increased its position in Antero Resources by 20.6% during the third quarter. Pekin Hardy Strauss Inc. now owns 173,835 shares of the oil and natural gas company’s stock worth $5,834,000 after acquiring an additional 29,650 shares during the period. Synovus Financial Corp acquired a new stake in Antero Resources in the 3rd quarter worth $561,000. CenterBook Partners LP acquired a new stake in Antero Resources in the 3rd quarter worth $2,260,000. Colrain Capital LLC increased its holdings in shares of Antero Resources by 56.2% during the 3rd quarter. Colrain Capital LLC now owns 254,550 shares of the oil and natural gas company’s stock worth $8,543,000 after purchasing an additional 91,550 shares during the period. Finally, Heartland Advisors Inc. raised its position in shares of Antero Resources by 12.8% during the third quarter. Heartland Advisors Inc. now owns 48,259 shares of the oil and natural gas company’s stock valued at $1,620,000 after buying an additional 5,466 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Tudor Pickering raised Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. UBS Group reiterated a “buy” rating and issued a $45.00 price objective on shares of Antero Resources in a research report on Friday, February 13th. Wells Fargo & Company lifted their price objective on Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $39.00 target price (down from $44.00) on shares of Antero Resources in a research note on Monday, December 8th. Finally, TD Cowen raised Antero Resources to a “strong-buy” rating in a research report on Monday, February 9th. Four analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and an average price target of $45.93.

Antero Resources Price Performance

Shares of AR stock opened at $35.00 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. The stock’s fifty day simple moving average is $33.87 and its 200 day simple moving average is $33.38. Antero Resources Corporation has a one year low of $29.10 and a one year high of $44.01. The firm has a market cap of $10.80 billion, a price-to-earnings ratio of 17.32 and a beta of 0.55.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 EPS. On average, analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

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.