Mountain Lake Investment Management LLC Acquires 20,888 Shares of Antero Resources Corporation $AR

Mountain Lake Investment Management LLC lifted its stake in Antero Resources Corporation (NYSE:AR) by 25.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,608 shares of the oil and natural gas company’s stock after purchasing an additional 20,888 shares during the period. Antero Resources accounts for approximately 2.5% of Mountain Lake Investment Management LLC’s holdings, making the stock its 13th largest holding. Mountain Lake Investment Management LLC’s holdings in Antero Resources were worth $3,410,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in Antero Resources by 140.2% in the third quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock valued at $116,371,000 after buying an additional 2,023,828 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Antero Resources by 31.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock worth $267,485,000 after buying an additional 1,922,977 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of Antero Resources in the 3rd quarter valued at about $52,737,000. Marshall Wace LLP increased its stake in shares of Antero Resources by 676.5% in the 3rd quarter. Marshall Wace LLP now owns 1,632,627 shares of the oil and natural gas company’s stock valued at $54,791,000 after acquiring an additional 1,422,377 shares during the last quarter. Finally, Ninepoint Partners LP raised its position in shares of Antero Resources by 60.7% in the 3rd quarter. Ninepoint Partners LP now owns 2,250,000 shares of the oil and natural gas company’s stock valued at $75,510,000 after acquiring an additional 850,000 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Antero Resources in a research note on Monday, December 29th. UBS Group upped their target price on shares of Antero Resources from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. TD Cowen upgraded shares of Antero Resources to a “strong-buy” rating in a report on Monday, February 9th. Benchmark raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Thursday, March 5th. Finally, Roth Mkm reissued a “neutral” rating and issued a $36.00 price target on shares of Antero Resources in a report on Monday, December 8th. Four analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.00.

Insider Buying and Selling at Antero Resources

In other news, insider Yvette K. Schultz sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $39.33, for a total value of $589,950.00. Following the completion of the transaction, the insider owned 319,122 shares in the company, valued at $12,551,068.26. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.30% of the stock is owned by company insiders.

Antero Resources Trading Up 0.2%

NYSE:AR opened at $41.09 on Tuesday. 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 business’s 50-day simple moving average is $35.01 and its 200-day simple moving average is $34.09. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $44.01. The stock has a market capitalization of $12.68 billion, a PE ratio of 20.34 and a beta of 0.52.

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

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.