Colrain Capital LLC Takes Position in Antero Resources Co. (NYSE:AR)

Colrain Capital LLC acquired a new stake in Antero Resources Co. (NYSE:AR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 133,250 shares of the oil and natural gas company's stock, valued at approximately $4,670,000. Antero Resources makes up approximately 4.6% of Colrain Capital LLC's holdings, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Summit Financial LLC bought a new position in Antero Resources during the 4th quarter valued at about $526,000. Wellington Management Group LLP grew its position in Antero Resources by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock worth $689,135,000 after acquiring an additional 2,201,429 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Antero Resources by 25.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,522 shares of the oil and natural gas company's stock valued at $474,000 after purchasing an additional 2,711 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Antero Resources by 46.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 366,618 shares of the oil and natural gas company's stock valued at $13,880,000 after purchasing an additional 116,362 shares during the last quarter. Finally, SCP Investment LP acquired a new position in Antero Resources in the fourth quarter worth $210,000. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Down 12.8 %

Shares of AR stock traded down $4.98 on Friday, hitting $33.81. 5,172,527 shares of the stock were exchanged, compared to its average volume of 4,004,427. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $10.52 billion, a P/E ratio of 105.43 and a beta of 3.38. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $42.63. The business has a 50-day moving average of $38.48 and a 200 day moving average of $33.92.

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Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results 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%. Equities analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current year.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of research analyst reports. Raymond James increased their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. StockNews.com upgraded Antero Resources to a "sell" rating in a research report on Thursday, February 13th. UBS Group raised their price target on Antero Resources from $39.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Wells Fargo & Company boosted their price objective on Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 19th. Finally, Truist Financial lifted their price target on shares of Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Antero Resources currently has an average rating of "Moderate Buy" and a consensus target price of $42.24.

Insiders Place Their Bets

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business's stock in a transaction on 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 approximately $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.70% of the company's stock.

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.