Stelliam Investment Management Lp buys $108,871,250 stake in Antero Resources Corp (AR)

Antero Resources Corp (AR) : Stelliam Investment Management Lp scooped up 1,082,500 additional shares in Antero Resources Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 4,337,500 shares of Antero Resources Corp which is valued at $108,871,250.Antero Resources Corp makes up approximately 3.69% of Stelliam Investment Management Lp’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in AR in the latest quarter, The investment management firm added 312,311 additional shares and now holds a total of 860,397 shares of Antero Resources Corp which is valued at $20,950,667. Antero Resources Corp makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio. S&co Inc added AR to its portfolio by purchasing 12,274 company shares during the most recent quarter which is valued at $324,893. Antero Resources Corp makes up approx 0.05% of S&co Inc’s portfolio.

Antero Resources Corp opened for trading at $24.71 and hit $25.2 on the upside on Monday, eventually ending the session at $24.95, with a gain of 1.42% or 0.35 points. The heightened volatility saw the trading volume jump to 29,21,282 shares. Company has a market cap of $7,833 M.

On the company’s financial health, Antero Resources Corp reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.12. The company had revenue of $1443.30 million for the quarter, compared to analysts expectations of $689.22 million. The company’s revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Many Wall Street Analysts have commented on Antero Resources Corp. Antero Resources Corp was Upgraded by Susquehanna to ” Positive” on Oct 28, 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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