Slate Path Capital LP Acquires Shares of 1,012,000 Antero Resources Co. (NYSE:AR)

Slate Path Capital LP bought a new position in shares of Antero Resources Co. (NYSE:AR - Free Report) during the fourth quarter, according to its most recent 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 about 0.33% of Antero Resources at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in Antero Resources by 83.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock valued at $928,000 after acquiring an additional 12,062 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Antero Resources during the 4th quarter valued at approximately $556,000. Allspring Global Investments Holdings LLC grew its position in Antero Resources by 1,423.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company's stock worth $304,000 after buying an additional 7,983 shares in the last quarter. Sei Investments Co. grew its position in Antero Resources by 7.3% during the fourth quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company's stock valued at $6,246,000 after acquiring an additional 12,156 shares during the last quarter. Finally, Capital CS Group LLC purchased a new position in Antero Resources in the 4th quarter worth approximately $615,000. Institutional investors own 83.04% of the company's stock.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction that occurred 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 in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.70% of the company's stock.

Antero Resources Trading Up 0.7 %

Shares of NYSE:AR traded up $0.23 during midday trading on Thursday, reaching $34.52. The company's stock had a trading volume of 5,320,856 shares, compared to its average volume of 4,165,051. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 107.88 and a beta of 3.08. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $42.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a 50 day moving average price of $36.71 and a two-hundred day moving average price of $34.49.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

AR has been the subject of a number of analyst reports. Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. Barclays upped their price target on shares of Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Morgan Stanley reiterated an "overweight" rating and issued a $58.00 target price on shares of Antero Resources in a research report on Wednesday, March 26th. Raymond James boosted their target price on shares of Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, UBS Group increased their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.44.

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.