Sciencast Management LP Acquires Shares of 48,906 Antero Resources Co. (NYSE:AR)

Sciencast Management LP purchased a new stake in Antero Resources Co. (NYSE:AR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 48,906 shares of the oil and natural gas company's stock, valued at approximately $1,714,000.

Several other institutional investors and hedge funds also recently modified their holdings of AR. Swiss National Bank lifted its stake in Antero Resources by 1.6% in the 3rd quarter. Swiss National Bank now owns 576,400 shares of the oil and natural gas company's stock valued at $16,514,000 after acquiring an additional 9,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Antero Resources by 85.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company's stock valued at $4,810,000 after purchasing an additional 77,193 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in Antero Resources by 2.7% during the third quarter. Thompson Siegel & Walmsley LLC now owns 221,736 shares of the oil and natural gas company's stock worth $6,353,000 after purchasing an additional 5,932 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Antero Resources by 4.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company's stock valued at $76,342,000 after buying an additional 122,815 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Antero Resources by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company's stock worth $55,278,000 after buying an additional 27,617 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

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Antero Resources Stock Performance

AR stock traded up $0.25 during trading hours on Tuesday, hitting $41.46. 3,552,037 shares of the stock were exchanged, compared to its average volume of 3,926,929. The company has a 50-day simple moving average of $38.49 and a two-hundred day simple moving average of $33.32. The firm has a market capitalization of $12.90 billion, a P/E ratio of 129.57 and a beta of 3.38. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $41.74. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. On average, analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insider Activity

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the transaction, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on AR. Barclays increased their price target on Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. UBS Group boosted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Raymond James upped their price target on shares of Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.06.

Antero Resources Profile

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.