Two Sigma Advisers LP Invests $8.77 Million in Antero Resources Co. (NYSE:AR)

Two Sigma Advisers LP purchased a new position in Antero Resources Co. (NYSE:AR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 250,100 shares of the oil and natural gas company’s stock, valued at approximately $8,766,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AR. Raymond James Financial Inc. purchased a new stake in shares of Antero Resources in the fourth quarter worth approximately $140,020,000. Wellington Management Group LLP grew its stake in Antero Resources by 12.6% in the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock worth $689,135,000 after purchasing an additional 2,201,429 shares in the last quarter. Castle Hook Partners LP bought a new position in Antero Resources in the fourth quarter worth approximately $60,980,000. Dimensional Fund Advisors LP grew its stake in Antero Resources by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company’s stock worth $414,628,000 after purchasing an additional 1,274,760 shares in the last quarter. Finally, Webs Creek Capital Management LP bought a new position in Antero Resources in the fourth quarter worth approximately $44,525,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 38,013 shares of Antero Resources stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the completion of the sale, the director now owns 364,992 shares of the company’s stock, valued at approximately $14,716,477.44. The trade was a 9.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $39.86, for a total value of $1,004,472.00. Following the sale, the insider now directly owns 306,819 shares of the company’s stock, valued at approximately $12,229,805.34. This represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,125,200 shares of company stock worth $45,887,466 in the last ninety days. 6.70% of the stock is owned by insiders.

Antero Resources Trading Up 1.0%

Shares of NYSE:AR opened at $39.46 on Friday. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $42.63. The business’s fifty day simple moving average is $37.03 and its 200-day simple moving average is $35.99. The company has a market capitalization of $12.25 billion, a PE ratio of 123.31 and a beta of 0.66. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $0.12 EPS. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, equities research analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AR has been the topic of several research analyst reports. Wells Fargo & Company increased their price objective on Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 19th. UBS Group increased their price objective on Antero Resources from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Williams Trading set a $48.00 price objective on Antero Resources in a research note on Wednesday, March 5th. Bank of America increased their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price objective on Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

Antero Resources Company Profile

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.