Machina Capital S.A.S. Takes Position in Antero Resources Corporation $AR

Machina Capital S.A.S. bought a new stake in Antero Resources Corporation (NYSE:AR) during the second quarter, Holdings Channel reports. The institutional investor bought 10,593 shares of the oil and natural gas company’s stock, valued at approximately $427,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AR. SVB Wealth LLC purchased a new position in Antero Resources in the 1st quarter valued at $26,000. FNY Investment Advisers LLC grew its position in Antero Resources by 9,900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after buying an additional 1,485 shares during the last quarter. Morse Asset Management Inc purchased a new position in Antero Resources in the 1st quarter valued at $142,000. Caitong International Asset Management Co. Ltd purchased a new position in Antero Resources in the 2nd quarter valued at $162,000. Finally, Geneos Wealth Management Inc. grew its position in Antero Resources by 10.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,054 shares of the oil and natural gas company’s stock valued at $164,000 after buying an additional 371 shares during the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AR has been the topic of a number of analyst reports. UBS Group lowered their price objective on shares of Antero Resources from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, September 15th. Zacks Research lowered shares of Antero Resources from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Roth Capital lowered shares of Antero Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $44.00 to $32.00 in a research report on Monday, August 18th. Wells Fargo & Company upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and set a $39.00 target price on the stock in a research report on Monday. Finally, Mizuho decreased their target price on shares of Antero Resources from $49.00 to $41.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and an average target price of $44.00.

Antero Resources Trading Down 0.6%

NYSE:AR opened at $32.95 on Wednesday. The company has a market capitalization of $10.16 billion, a PE ratio of 17.53 and a beta of 0.56. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a 52-week low of $26.57 and a 52-week high of $44.01. The stock has a fifty day simple moving average of $32.55 and a 200-day simple moving average of $35.12.

Antero Resources 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.