Adage Capital Partners GP L.L.C. Acquires 863,836 Shares of Antero Resources Corporation $AR

Adage Capital Partners GP L.L.C. lifted its holdings in Antero Resources Corporation (NYSE:AR) by 210.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,274,532 shares of the oil and natural gas company’s stock after acquiring an additional 863,836 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in Antero Resources were worth $51,542,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. PDT Partners LLC boosted its stake in shares of Antero Resources by 18.6% in the first quarter. PDT Partners LLC now owns 217,284 shares of the oil and natural gas company’s stock worth $8,787,000 after acquiring an additional 34,100 shares during the period. Maverick Capital Ltd. boosted its stake in shares of Antero Resources by 77.6% in the first quarter. Maverick Capital Ltd. now owns 18,278 shares of the oil and natural gas company’s stock worth $739,000 after acquiring an additional 7,984 shares during the period. Focus Partners Advisor Solutions LLC bought a new position in shares of Antero Resources in the first quarter worth about $402,000. Second Line Capital LLC boosted its stake in shares of Antero Resources by 7.2% in the first quarter. Second Line Capital LLC now owns 11,118 shares of the oil and natural gas company’s stock worth $450,000 after acquiring an additional 743 shares during the period. Finally, Engine NO. 1 LLC bought a new position in shares of Antero Resources in the first quarter worth about $5,581,000. Institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AR. Morgan Stanley upped their price objective on Antero Resources from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Bank of America increased their price target on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Wells Fargo & Company set a $39.00 price target on Antero Resources and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Roth Capital lowered Antero Resources from a “buy” rating to a “neutral” rating and dropped their price target for the company from $44.00 to $32.00 in a research note on Monday, August 18th. Finally, Barclays increased their price target on Antero Resources from $38.00 to $43.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and a consensus price target of $43.65.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $31.79 on Thursday. The stock has a 50 day moving average of $34.00 and a 200 day moving average of $36.50. Antero Resources Corporation has a 12 month low of $24.53 and a 12 month high of $44.01. The firm has a market cap of $9.82 billion, a PE ratio of 20.25 and a beta of 0.63. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.33). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. Antero Resources’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.21) earnings per share. On average, research analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.