Squarepoint Ops LLC Reduces Position in Antero Resources Corporation $AR

Squarepoint Ops LLC trimmed its stake in Antero Resources Corporation (NYSE:AR) by 72.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 362,819 shares of the oil and natural gas company’s stock after selling 931,820 shares during the quarter. Squarepoint Ops LLC owned approximately 0.12% of Antero Resources worth $12,749,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AR. BlackRock Inc. purchased a new stake in Antero Resources during the 2nd quarter worth about $966,982,000. California State Teachers Retirement System boosted its stake in shares of Antero Resources by 3,427.9% during the 2nd quarter. California State Teachers Retirement System now owns 11,957,720 shares of the oil and natural gas company’s stock worth $420,194,000 after purchasing an additional 11,618,775 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Antero Resources during the 2nd quarter worth about $106,063,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Antero Resources during the second quarter worth about $100,212,000. Finally, Palo Duro Investment Partners LP acquired a new position in shares of Antero Resources in the second quarter valued at approximately $95,985,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AR. Benchmark upped their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Wolfe Research reaffirmed an “outperform” rating and issued a $48.00 target price on shares of Antero Resources in a research note on Thursday, July 30th. Raymond James Financial boosted their price target on Antero Resources from $50.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 1st. Wells Fargo & Company increased their price target on Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, The Goldman Sachs Group raised their price objective on Antero Resources from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Four investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and an average target price of $49.12.

Antero Resources Trading Up 0.3%

Shares of AR opened at $39.18 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $12.05 billion, a P/E ratio of 11.26 and a beta of 0.35. The stock’s fifty day simple moving average is $36.29 and its 200 day simple moving average is $37.17. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75.

Antero Resources 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.