Antero Resources Co. (NYSE:AR) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in shares of Antero Resources Co. (NYSE:AR - Free Report) by 43.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 745,770 shares of the oil and natural gas company's stock after acquiring an additional 224,700 shares during the quarter. Van ECK Associates Corp owned approximately 0.24% of Antero Resources worth $26,139,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

AR has been the subject of several research reports. Wells Fargo & Company raised Antero Resources from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. Truist Financial upped their price objective on Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Raymond James upped their price objective on Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. Finally, Bank of America started coverage on Antero Resources in a research note on Monday, October 28th. They set a "buy" rating and a $36.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $39.44.

Antero Resources Price Performance

Shares of AR traded up $0.19 on Tuesday, reaching $40.03. The stock had a trading volume of 2,008,204 shares, compared to its average volume of 4,775,432. The firm has a market capitalization of $12.46 billion, a PE ratio of 285.69 and a beta of 3.33. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $36.61 and a 200 day moving average of $31.29. Antero Resources Co. has a twelve month low of $23.25 and a twelve month high of $41.53.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.14. Antero Resources had a negative return on equity of 0.59% and a net margin of 1.03%. Sell-side analysts expect that Antero Resources Co. will post -0.11 EPS for the current year.

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.