Friedenthal Financial Acquires New Stake in Antero Resources Corporation $AR

Friedenthal Financial acquired a new stake in shares of Antero Resources Corporation (NYSE:AR) in the first quarter, Holdings Channel reports. The firm acquired 22,310 shares of the oil and natural gas company’s stock, valued at approximately $947,000.

Other large investors have also added to or reduced their stakes in the company. Brandywine Global Investment Management LLC increased its holdings in shares of Antero Resources by 77.8% during the fourth quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock valued at $7,425,000 after acquiring an additional 94,260 shares in the last quarter. WINTON GROUP Ltd raised its position in shares of Antero Resources by 201.6% in the 3rd quarter. WINTON GROUP Ltd now owns 68,884 shares of the oil and natural gas company’s stock worth $2,312,000 after purchasing an additional 46,045 shares during the last quarter. Intech Investment Management LLC boosted its stake in Antero Resources by 56.9% in the 3rd quarter. Intech Investment Management LLC now owns 406,900 shares of the oil and natural gas company’s stock worth $13,656,000 after purchasing an additional 147,571 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Antero Resources by 10.8% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company’s stock worth $22,743,000 after purchasing an additional 64,378 shares in the last quarter. Finally, Lighthouse Investment Partners LLC grew its position in Antero Resources by 213.9% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 300,000 shares of the oil and natural gas company’s stock valued at $10,068,000 after purchasing an additional 204,420 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Williams Trading set a $56.00 price objective on shares of Antero Resources in a research note on Monday, April 20th. Roth Mkm reiterated a “neutral” rating and issued a $38.00 target price on shares of Antero Resources in a research note on Thursday, April 30th. Benchmark upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Thursday, March 5th. Truist Financial began coverage on shares of Antero Resources in a research report on Tuesday, March 24th. They set a “buy” rating and a $56.00 price target for the company. Finally, Morgan Stanley boosted their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.19.

Antero Resources Price Performance

NYSE AR opened at $34.72 on Thursday. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75. The stock has a 50-day moving average of $36.41 and a 200 day moving average of $36.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 11.27 and a beta of 0.33.

Insider Transactions at Antero Resources

In other news, insider Yvette K. Schultz sold 39,490 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the completion of the transaction, the insider directly owned 277,665 shares of the company’s stock, valued at $10,903,904.55. The trade was a 12.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the transaction, the insider directly owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.10% of the company’s stock.

Antero Resources Company 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.