Readystate Asset Management LP Invests $15.10 Million in Antero Resources Corporation $AR

Readystate Asset Management LP purchased a new position in shares of Antero Resources Corporation (NYSE:AR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 429,782 shares of the oil and natural gas company’s stock, valued at approximately $15,103,000. Readystate Asset Management LP owned about 0.14% of Antero Resources as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Wedmont Private Capital grew its position in Antero Resources by 37.3% in the 2nd quarter. Wedmont Private Capital now owns 29,955 shares of the oil and natural gas company’s stock valued at $995,000 after acquiring an additional 8,134 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Antero Resources by 63.5% during the second quarter. HB Wealth Management LLC now owns 22,249 shares of the oil and natural gas company’s stock worth $782,000 after purchasing an additional 8,642 shares during the last quarter. Angeles Wealth Management LLC bought a new stake in shares of Antero Resources during the second quarter worth $536,000. AlphaGrep UK Ltd purchased a new stake in shares of Antero Resources during the second quarter valued at $634,000. Finally, Strive Financial Group LLC purchased a new stake in shares of Antero Resources during the second quarter valued at $211,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

AR has been the topic of several recent analyst reports. Citigroup reduced their price target on shares of Antero Resources from $53.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Barclays lowered their price objective on shares of Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, August 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $49.00 target price on shares of Antero Resources in a research report on Wednesday, August 19th. Truist Financial decreased their price target on shares of Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. lowered their price target on Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and an average price target of $49.12.

Antero Resources Stock Up 0.0%

Shares of NYSE AR opened at $39.42 on Monday. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The stock’s fifty day simple moving average is $36.02 and its two-hundred day simple moving average is $37.06. The stock has a market capitalization of $12.12 billion, a PE ratio of 11.33 and a beta of 0.35. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29.

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.