Castleark Management LLC Buys Shares of 234,290 Antero Resources Corporation $AR

Castleark Management LLC bought a new stake in shares of Antero Resources Corporation (NYSE:AR) in the 4th quarter, HoldingsChannel reports. The firm bought 234,290 shares of the oil and natural gas company’s stock, valued at approximately $8,074,000.

Other hedge funds have also bought and sold shares of the company. Goodman Financial Corp bought a new stake in Antero Resources during the third quarter valued at approximately $14,791,000. Caprock Group LLC purchased a new position in shares of Antero Resources during the third quarter worth approximately $1,730,000. Colrain Capital LLC raised its stake in shares of Antero Resources by 56.2% during the third quarter. Colrain Capital LLC now owns 254,550 shares of the oil and natural gas company’s stock worth $8,543,000 after acquiring an additional 91,550 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Antero Resources by 201.6% during the third quarter. WINTON GROUP Ltd now owns 68,884 shares of the oil and natural gas company’s stock worth $2,312,000 after acquiring an additional 46,045 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Antero Resources by 56.9% during the third quarter. Intech Investment Management LLC now owns 406,900 shares of the oil and natural gas company’s stock worth $13,656,000 after acquiring an additional 147,571 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Antero Resources news, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction on 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 transaction, the insider owned 277,665 shares in the company, valued at approximately $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Benjamin A. Hardesty sold 12,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total transaction of $528,000.00. Following the sale, the director owned 150,242 shares in the company, valued at approximately $6,610,648. This trade represents a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 237,316 shares of company stock valued at $9,387,309 over the last ninety days. Company insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on AR. Weiss Ratings downgraded shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Bank of America lifted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Jefferies Financial Group reissued a “buy” rating and set a $57.00 price target on shares of Antero Resources in a research note on Friday, May 1st. Williams Trading set a $56.00 price target on shares of Antero Resources in a research note on Monday, April 20th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $38.00 target price on shares of Antero Resources in a research note on Thursday, April 30th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.06.

Antero Resources Stock Up 1.7%

Shares of Antero Resources stock opened at $34.80 on Friday. 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’s fifty day simple moving average is $37.26 and its two-hundred day simple moving average is $36.46. The company has a market cap of $10.78 billion, a P/E ratio of 11.30 and a beta of 0.33. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75.

Antero Resources 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.