VELA Investment Management LLC Raises Position in Antero Resources Co. (NYSE:AR)

VELA Investment Management LLC increased its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 135.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,816 shares of the oil and natural gas company's stock after purchasing an additional 42,488 shares during the period. VELA Investment Management LLC's holdings in Antero Resources were worth $2,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Diversified Trust Co purchased a new stake in shares of Antero Resources during the second quarter worth $1,154,000. GSA Capital Partners LLP bought a new stake in shares of Antero Resources in the first quarter worth about $1,022,000. Hood River Capital Management LLC grew its stake in shares of Antero Resources by 81.5% in the first quarter. Hood River Capital Management LLC now owns 117,658 shares of the oil and natural gas company's stock worth $3,412,000 after purchasing an additional 52,843 shares during the last quarter. Vanguard Group Inc. boosted its position in Antero Resources by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company's stock valued at $813,932,000 after acquiring an additional 372,450 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Antero Resources by 269.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company's stock valued at $129,453,000 after acquiring an additional 2,893,395 shares in the last quarter. Institutional investors own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Bank of America began coverage on shares of Antero Resources in a report on Monday, October 28th. They issued a "buy" rating and a $36.00 target price for the company. Citigroup began coverage on shares of Antero Resources in a research report on Tuesday, September 17th. They set a "neutral" rating and a $29.00 target price on the stock. Wolfe Research raised shares of Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 price objective on the stock in a report on Wednesday, September 11th. JPMorgan Chase & Co. lowered their target price on shares of Antero Resources from $37.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday, September 12th. Finally, Roth Mkm started coverage on shares of Antero Resources in a research note on Tuesday, August 27th. They issued a "buy" rating and a $32.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.94.

Antero Resources Stock Down 1.3 %

Shares of Antero Resources stock traded down $0.34 on Friday, reaching $25.54. The company's stock had a trading volume of 5,155,262 shares, compared to its average volume of 4,113,203. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources Co. has a 52 week low of $20.10 and a 52 week high of $36.28. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 182.43 and a beta of 3.33. The firm's fifty day simple moving average is $27.37 and its two-hundred day simple moving average is $30.19.

Antero Resources (NYSE:AR - Get Free Report) last issued its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Antero Resources had a negative return on equity of 0.59% and a net margin of 1.03%. The firm had revenue of $978.65 million during the quarter, compared to the consensus estimate of $980.20 million. Equities analysts anticipate that Antero Resources Co. will post -0.17 earnings per share for the current year.

Insider Activity at Antero Resources

In other news, insider Yvette K. Schultz sold 50,000 shares of the company's stock in a transaction on Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the transaction, the insider now directly owns 248,363 shares of the company's stock, valued at approximately $6,268,682.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.70% of the stock is owned by company insiders.

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.