GSA Capital Partners LLP Buys New Shares in Antero Resources Corporation $AR

GSA Capital Partners LLP purchased a new stake in shares of Antero Resources Corporation (NYSE:AR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,681 shares of the oil and natural gas company’s stock, valued at approximately $832,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank bought a new position in shares of Antero Resources during the 2nd quarter valued at about $26,000. Sunbelt Securities Inc. purchased a new stake in Antero Resources in the third quarter worth approximately $30,000. IFP Advisors Inc grew its position in Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after acquiring an additional 345 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Antero Resources during the fourth quarter valued at approximately $41,000. Finally, McIlrath & Eck LLC purchased a new position in shares of Antero Resources during the first quarter worth approximately $53,000. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Up 1.9%

Shares of Antero Resources stock opened at $37.10 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $45.75. The company’s 50 day moving average price is $34.91 and its 200-day moving average price is $36.68. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of 10.66 and a beta of 0.34.

Analyst Upgrades and Downgrades

AR has been the subject of a number of research reports. Benchmark upped their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. decreased their target price on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Wolfe Research restated an “outperform” rating and set a $48.00 price target on shares of Antero Resources in a research report on Thursday, July 30th. Morgan Stanley reduced their price objective on Antero Resources from $56.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Finally, Bank of America lifted their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $48.25.

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.