Capital Impact Advisors LLC Acquires New Shares in Antero Resources Co. (NYSE:AR)

Capital Impact Advisors LLC acquired a new stake in shares of Antero Resources Co. (NYSE:AR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,679 shares of the oil and natural gas company’s stock, valued at approximately $740,000. Antero Resources accounts for about 2.1% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 17th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its position in Antero Resources by 11.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock worth $98,000 after acquiring an additional 343 shares during the period. Lindbrook Capital LLC boosted its position in Antero Resources by 35.1% during the 1st quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock worth $58,000 after acquiring an additional 519 shares during the period. Confluence Investment Management LLC boosted its position in Antero Resources by 3.4% during the 2nd quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock worth $604,000 after acquiring an additional 616 shares during the period. GAMMA Investing LLC boosted its position in Antero Resources by 27.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after acquiring an additional 655 shares during the period. Finally, Fund 1 Investments LLC boosted its position in Antero Resources by 2.0% during the 4th quarter. Fund 1 Investments LLC now owns 40,800 shares of the oil and natural gas company’s stock worth $925,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the firm’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 completion of the sale, the insider now directly owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of recent analyst reports. Mizuho cut their target price on Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. The Goldman Sachs Group dropped their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Wolfe Research raised Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a research report on Wednesday, September 11th. Roth Mkm started coverage on Antero Resources in a research report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 target price on the stock. Finally, Citigroup started coverage on Antero Resources in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.13.

Antero Resources Price Performance

Shares of AR stock opened at $28.71 on Monday. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $27.34 and a two-hundred day moving average of $30.27. The company has a market capitalization of $8.92 billion, a P/E ratio of 143.55 and a beta of 3.33.

Antero Resources (NYSE:AR) 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 analysts’ consensus estimates of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The company had revenue of $978.65 million during the quarter, compared to analyst estimates of $980.20 million. As a group, equities analysts expect that Antero Resources Co. will post 0.02 EPS for the current year.

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.