DFT Energy LP Purchases 190,000 Shares of Antero Resources Corp (AR)

DFT Energy LP increased its position in Antero Resources Corp (NYSE:AR) by 100.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 380,000 shares of the oil and natural gas company’s stock after buying an additional 190,000 shares during the quarter. Antero Resources accounts for approximately 4.1% of DFT Energy LP’s investment portfolio, making the stock its 12th largest position. DFT Energy LP owned approximately 0.12% of Antero Resources worth $6,730,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AR. Benjamin F. Edwards & Company Inc. bought a new stake in Antero Resources in the second quarter valued at approximately $197,000. RDL Financial Inc. bought a new stake in Antero Resources in the second quarter valued at approximately $204,000. Standard Life Aberdeen plc bought a new stake in Antero Resources in the second quarter valued at approximately $254,000. Eqis Capital Management Inc. bought a new stake in Antero Resources in the second quarter valued at approximately $257,000. Finally, grace capital bought a new stake in Antero Resources in the second quarter valued at approximately $278,000. 94.91% of the stock is owned by institutional investors.

In related news, insider K. Phil Yoo sold 2,500 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $18.59, for a total value of $46,475.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.40% of the stock is owned by company insiders.

Shares of AR traded down $0.41 during trading hours on Thursday, reaching $18.38. The stock had a trading volume of 165,514 shares, compared to its average volume of 3,234,554. Antero Resources Corp has a 12 month low of $16.31 and a 12 month high of $22.69. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. The stock has a market cap of $5.62 billion, a P/E ratio of 153.67, a P/E/G ratio of 1.27 and a beta of 0.73.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, August 1st. The oil and natural gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.17). Antero Resources had a return on equity of 1.83% and a net margin of 6.24%. The firm had revenue of $989.34 million during the quarter, compared to the consensus estimate of $950.78 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. Antero Resources’s revenue for the quarter was up 25.2% on a year-over-year basis. On average, analysts expect that Antero Resources Corp will post 0.7 EPS for the current year.

Several analysts recently commented on AR shares. TD Securities started coverage on Antero Resources in a report on Thursday, July 5th. They issued a “buy” rating and a $26.00 target price on the stock. Morgan Stanley increased their price target on Antero Resources from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Thursday, July 12th. Jefferies Financial Group restated a “hold” rating and set a $22.00 price target on shares of Antero Resources in a report on Friday, July 20th. Zacks Investment Research upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, July 23rd. Finally, Citigroup cut their price target on Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $23.77.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.

Further Reading: What is the balance sheet?

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Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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