Sciencast Management LP Invests $1.71 Million in 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,906 shares of the oil and natural gas company's stock, valued at approximately $1,714,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new stake in Antero Resources in the fourth quarter valued at about $28,000. True Wealth Design LLC bought a new stake in shares of Antero Resources in the 3rd quarter valued at about $30,000. Spire Wealth Management bought a new stake in shares of Antero Resources in the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB raised its position in shares of Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock valued at $48,000 after acquiring an additional 913 shares during the period. Finally, UMB Bank n.a. boosted its stake in Antero Resources by 59.6% during the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock worth $49,000 after acquiring an additional 523 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the transaction, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.70% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have commented on AR shares. Barclays upped their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. StockNews.com raised Antero Resources to a "sell" rating in a research note on Thursday, February 13th. Mizuho lifted their target price on Antero Resources from $35.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Morgan Stanley restated an "overweight" rating and issued a $58.00 price target on shares of Antero Resources in a report on Wednesday. Finally, Citigroup lifted their price objective on Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a report on Friday, December 6th. One equities research 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's stock. According to MarketBeat, Antero Resources has a consensus rating of "Moderate Buy" and a consensus target price of $42.24.

Antero Resources Stock Down 1.1 %

NYSE:AR traded down $0.45 on Wednesday, hitting $40.97. 3,797,076 shares of the company's stock were exchanged, compared to its average volume of 3,925,050. The company has a market cap of $12.75 billion, a P/E ratio of 128.03 and a beta of 3.38. The firm has a 50-day moving average price of $38.49 and a 200-day moving average price of $33.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $42.44.

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

Antero Resources Company 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.