Slate Path Capital LP Makes New Investment in Antero Resources Co. (NYSE:AR)

Slate Path Capital LP bought a new stake in Antero Resources Co. (NYSE:AR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,012,000 shares of the oil and natural gas company’s stock, valued at approximately $35,471,000. Slate Path Capital LP owned 0.33% of Antero Resources at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of Antero Resources in the 4th quarter valued at about $140,020,000. Wellington Management Group LLP increased its holdings 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 valued at $689,135,000 after buying an additional 2,201,429 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Antero Resources by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company’s stock valued at $414,628,000 after acquiring an additional 1,274,760 shares during the period. Cooper Creek Partners Management LLC purchased a new stake in shares of Antero Resources during the 4th quarter worth approximately $31,565,000. Finally, Amundi grew its holdings in shares of Antero Resources by 117.9% in the 4th quarter. Amundi now owns 1,132,725 shares of the oil and natural gas company’s stock worth $42,885,000 after acquiring an additional 612,997 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, the director now directly owns 1,800,000 shares of the company’s stock, valued at $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.70% of the company’s stock.

Antero Resources Stock Down 6.7 %

Shares of NYSE AR opened at $32.12 on Tuesday. The stock has a fifty day moving average price of $37.08 and a 200 day moving average price of $34.47. The company has a market cap of $10.00 billion, a P/E ratio of 100.38 and a beta of 3.08. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $42.63. 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 released its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Research analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AR. Barclays boosted their target price on Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. UBS Group raised their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Wells Fargo & Company upped their price target on shares of Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, March 19th. TD Cowen upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and increased their price target for the company from $40.00 to $46.00 in a research report on Tuesday, April 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $58.00 target price on shares of Antero Resources in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.44.

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.