Sailingstone Capital Partners buys $477,640,935 stake in Antero Resources Corp (AR)

Antero Resources Corp (AR) : Sailingstone Capital Partners scooped up 1,979,666 additional shares in Antero Resources Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 17,419,436 shares of Antero Resources Corp which is valued at $477,640,935.Antero Resources Corp makes up approximately 10.20% of Sailingstone Capital Partners’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp added AR to its portfolio by purchasing 318,467 company shares during the most recent quarter which is valued at $8,732,365. Antero Resources Corp makes up approx 0.04% of Two Sigma Advisers Lp’s portfolio.Blackrock Fund Advisors boosted its stake in AR in the latest quarter, The investment management firm added 1,007,077 additional shares and now holds a total of 1,832,657 shares of Antero Resources Corp which is valued at $50,251,455. Antero Resources Corp makes up approx 0.01% of Blackrock Fund Advisors’s portfolio. Princeton Alpha Management Lp added AR to its portfolio by purchasing 15,193 company shares during the most recent quarter which is valued at $413,705. Antero Resources Corp makes up approx 0.07% of Princeton Alpha Management Lp’s portfolio.Cibc Asset Management Inc boosted its stake in AR in the latest quarter, The investment management firm added 4,228 additional shares and now holds a total of 15,232 shares of Antero Resources Corp which is valued at $414,310.New York State Teachers Retirement System reduced its stake in AR by selling 100 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 6,000 shares of AR which is valued at $157,140.

Antero Resources Corp opened for trading at $26.69 and hit $26.99 on the upside on Wednesday, eventually ending the session at $26.63, with a gain of 0.41% or 0.11 points. The heightened volatility saw the trading volume jump to 2,583,297 shares. Company has a market cap of $8,180 M.

On the company’s financial health, Antero Resources Corp reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.11.Analysts expectations of $ 678.97.During the same quarter in the previous year, the company posted $0.06 EPS.

Many Wall Street Analysts have commented on Antero Resources Corp. Antero Resources Corp was Downgraded by Jefferies to ” Underperform” on Aug 15, 2016. Robert W. Baird Upgraded Antero Resources Corp on Jul 21, 2016 to ” Outperform”, Price Target of the shares are set at $37.Antero Resources Corp was Upgraded by Jefferies to ” Hold” on Jul 18, 2016.

Antero Resources Corporation is engaged in the exploitation development and acquisition of natural gas natural gas liquids (NGLs) and oil properties in the Appalachian Basin in West Virginia Ohio and Pennsylvania. The Company targets large repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to develop and produce natural gas NGLs and oil from unconventional formations. The Company has fresh water distribution operations in the Appalachian Basin as well as gathering and compression operations through its consolidated subsidiary Antero Midstream Partners LP. The Company operates in four industry segments: the exploration development and production of natural gas NGLs and oil; gathering and compression; fresh water distribution and marketing of excess firm transportation capacity. All of its operations are conducted in the United States.

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