D.A. Davidson & CO. Invests $1.37 Million in Antero Resources Co. (NYSE:AR)

D.A. Davidson & CO. purchased a new position in Antero Resources Co. (NYSE:AR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 47,885 shares of the oil and natural gas company's stock, valued at approximately $1,372,000.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of Antero Resources by 357.3% in the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock worth $25,000 after purchasing an additional 686 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Antero Resources in the 3rd quarter worth about $45,000. Mattson Financial Services LLC purchased a new position in Antero Resources in the 2nd quarter worth about $64,000. GAMMA Investing LLC raised 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 worth $98,000 after buying an additional 655 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Antero Resources by 19.9% during the 3rd quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company's stock valued at $121,000 after acquiring an additional 702 shares during the last quarter. Institutional investors own 83.04% of the company's stock.

Antero Resources Price Performance

Shares of NYSE AR traded up $0.21 during mid-day trading on Friday, reaching $32.69. The company's stock had a trading volume of 1,913,694 shares, compared to its average volume of 3,818,316. The stock has a fifty day moving average of $29.27 and a two-hundred day moving average of $29.99. The firm has a market capitalization of $10.17 billion, a PE ratio of 233.50 and a beta of 3.36. Antero Resources Co. has a 52 week low of $20.10 and a 52 week high of $36.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Antero Resources from $25.00 to $24.00 and set an "underweight" rating for the company in a report on Friday, October 18th. Truist Financial lowered their price target on Antero Resources from $29.00 to $28.00 and set a "hold" rating on the stock in a report on Monday, September 30th. Morgan Stanley cut their price objective on Antero Resources from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, September 16th. Citigroup started coverage on Antero Resources in a report on Tuesday, September 17th. They issued a "neutral" rating and a $29.00 target price on the stock. Finally, Raymond James boosted their price target on Antero Resources from $34.00 to $44.00 and gave the company a "strong-buy" rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Antero Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.50.

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.