Weiss Asset Management LP Acquires New Position in Antero Resources Co. (NYSE:AR)

Weiss Asset Management LP acquired a new stake in Antero Resources Co. (NYSE:AR) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 19,493 shares of the oil and natural gas company’s stock, valued at approximately $558,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Antero Resources by 269.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after purchasing an additional 2,893,395 shares during the period. Natixis Advisors LLC lifted its position in shares of Antero Resources by 488.7% during the 2nd quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock valued at $46,624,000 after acquiring an additional 1,186,163 shares during the period. Acadian Asset Management LLC lifted its position in shares of Antero Resources by 7,781.2% during the 2nd quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock valued at $31,113,000 after acquiring an additional 941,756 shares during the period. HITE Hedge Asset Management LLC boosted its stake in shares of Antero Resources by 537.2% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock worth $27,352,000 after acquiring an additional 804,851 shares in the last quarter. Finally, Kailix Advisors LLC acquired a new stake in shares of Antero Resources in the 3rd quarter worth approximately $17,327,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Ratings Changes

AR has been the topic of a number of research analyst reports. Scotiabank upgraded Antero Resources from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20th. UBS Group decreased their price objective on shares of Antero Resources from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Morgan Stanley lowered their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Mizuho cut their target price on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Finally, The Goldman Sachs Group lowered their price target on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and an average target price of $33.83.

Antero Resources Stock Up 0.3 %

AR opened at $31.18 on Tuesday. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28. The business has a 50-day moving average of $29.66 and a two-hundred day moving average of $29.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 222.71 and a beta of 3.42.

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.