Antero Resources Corporation $AR Stock Position Raised by Clough Capital Partners L P

Clough Capital Partners L P increased its position in Antero Resources Corporation (NYSE:AR) by 46.3% in the first quarter, HoldingsChannel reports. The firm owned 503,153 shares of the oil and natural gas company’s stock after acquiring an additional 159,332 shares during the period. Antero Resources accounts for about 2.1% of Clough Capital Partners L P’s investment portfolio, making the stock its 20th biggest holding. Clough Capital Partners L P’s holdings in Antero Resources were worth $21,354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AR. Sunbelt Securities Inc. acquired a new stake in Antero Resources during the 3rd quarter valued at $30,000. IFP Advisors Inc boosted its position in shares of Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 345 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Antero Resources in the fourth quarter worth $41,000. Hilton Head Capital Partners LLC purchased a new position in shares of Antero Resources during the fourth quarter valued at $44,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Antero Resources during the fourth quarter valued at $45,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Zacks Research lowered Antero Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Mizuho lifted their target price on Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Texas Capital upgraded Antero Resources to a “strong-buy” rating in a report on Thursday, June 25th. Citigroup increased their price target on shares of Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Finally, Morgan Stanley decreased their price target on shares of Antero Resources from $56.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, June 29th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.56.

Antero Resources Price Performance

Shares of NYSE:AR opened at $35.31 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The business has a fifty day simple moving average of $35.12 and a 200 day simple moving average of $36.34. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 11.46 and a beta of 0.33.

Insider Activity

In other news, insider Michael N. Kennedy sold 185,826 shares of Antero Resources stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the sale, the insider directly owned 1,085,192 shares in the company, valued at $42,680,601.36. The trade was a 14.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of Antero Resources stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.27, for a total value of $1,550,772.30. Following the sale, the insider owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.10% of the company’s stock.

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.