Baupost Group LLC MA Purchases 2,741,261 Shares of Antero Resources Corporation (AR)
Baupost Group LLC MA lifted its position in shares of Antero Resources Corporation (NYSE:AR) by 12.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 23,912,257 shares of the oil and natural gas company’s stock after purchasing an additional 2,741,261 shares during the quarter. Antero Resources comprises approximately 5.9% of Baupost Group LLC MA’s holdings, making the stock its 8th largest holding. Baupost Group LLC MA owned approximately 7.58% of Antero Resources worth $475,854,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Evergreen Capital Management LLC purchased a new position in Antero Resources in the 2nd quarter worth approximately $3,110,000. Delta Lloyd Asset Management N.V. bought a new position in shares of Antero Resources during the 2nd quarter worth approximately $1,373,000. Caymus Capital Partners L.P. lifted its position in shares of Antero Resources by 34.5% during the 2nd quarter. Caymus Capital Partners L.P. now owns 4,369,500 shares of the oil and natural gas company’s stock worth $94,425,000 after buying an additional 1,121,300 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Antero Resources by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,801,717 shares of the oil and natural gas company’s stock worth $38,934,000 after buying an additional 11,737 shares during the period. Finally, Utah Retirement Systems lifted its position in shares of Antero Resources by 28.7% during the 2nd quarter. Utah Retirement Systems now owns 42,200 shares of the oil and natural gas company’s stock worth $912,000 after buying an additional 9,400 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.
Several equities analysts recently commented on AR shares. Robert W. Baird restated a “buy” rating and set a $38.00 target price on shares of Antero Resources in a research report on Sunday, September 10th. Morgan Stanley cut their target price on Antero Resources from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. Jefferies Group started coverage on Antero Resources in a research report on Monday, October 9th. They set a “hold” rating and a $21.00 target price for the company. SunTrust Banks restated a “hold” rating and set a $22.00 target price on shares of Antero Resources in a research report on Friday, November 3rd. Finally, KeyCorp restated a “buy” rating and set a $33.00 target price on shares of Antero Resources in a research report on Sunday, September 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Antero Resources presently has a consensus rating of “Hold” and an average price target of $27.44.
In other news, insider Kevin J. Kilstrom sold 82,760 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $19.99, for a total transaction of $1,654,372.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider K. Phil Yoo sold 10,865 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $19.25, for a total value of $209,151.25. The disclosure for this sale can be found here. Insiders own 9.20% of the company’s stock.
Shares of Antero Resources Corporation (NYSE AR) traded down $0.78 on Tuesday, reaching $18.61. The company’s stock had a trading volume of 5,612,900 shares, compared to its average volume of 3,361,481. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. Antero Resources Corporation has a 52-week low of $17.89 and a 52-week high of $27.23. The company has a market cap of $6,120.11, a P/E ratio of 102.05 and a beta of 0.94.
Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). Antero Resources had a negative net margin of 12.82% and a positive return on equity of 0.78%. The business had revenue of $775.30 million during the quarter, compared to the consensus estimate of $798.88 million. During the same quarter in the previous year, the firm posted $0.18 EPS. sell-side analysts forecast that Antero Resources Corporation will post -0.09 EPS for the current fiscal year.
About Antero Resources
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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