Driehaus Capital Management LLC Takes $17.31 Million Position in Antero Resources Co. (NYSE:AR)

Driehaus Capital Management LLC purchased a new stake in Antero Resources Co. (NYSE:AR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 530,413 shares of the oil and natural gas company’s stock, valued at approximately $17,307,000. Driehaus Capital Management LLC owned 0.17% of Antero Resources as of its most recent SEC filing.

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

Antero Resources Stock Up 3.6 %

Shares of AR opened at $28.71 on Friday. Antero Resources Co. has a 52 week low of $20.10 and a 52 week high of $36.28. The firm has a market cap of $8.92 billion, a P/E ratio of 143.55 and a beta of 3.33. The firm’s 50-day simple moving average is $27.34 and its 200 day simple moving average is $30.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29.

Antero Resources (NYSE:AR) last announced 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 business had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million. On average, analysts forecast that Antero Resources Co. will post 0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AR. Citigroup began coverage on shares of Antero Resources in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price objective on the stock. JPMorgan Chase & Co. cut their price target on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Mizuho cut their price target on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group boosted their price target on shares of Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and a consensus target price of $33.13.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the sale, the insider now owns 248,363 shares in the company, valued at approximately $6,268,682.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.70% of the stock is currently owned by company insiders.

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.