Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 37.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 230,565 shares of the oil and natural gas company's stock after purchasing an additional 62,683 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.07% of Antero Resources worth $8,081,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. MQS Management LLC bought a new position in shares of Antero Resources in the third quarter worth about $223,000. KBC Group NV boosted its stake in shares of Antero Resources by 12.4% in the third quarter. KBC Group NV now owns 8,086 shares of the oil and natural gas company's stock worth $232,000 after acquiring an additional 889 shares during the period. Natixis Advisors LLC boosted its stake in shares of Antero Resources by 6.2% in the third quarter. Natixis Advisors LLC now owns 1,516,963 shares of the oil and natural gas company's stock worth $43,461,000 after acquiring an additional 88,099 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Antero Resources by 10.4% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company's stock worth $125,452,000 after acquiring an additional 411,549 shares during the period. Finally, S&CO Inc. boosted its stake in shares of Antero Resources by 30.5% in the third quarter. S&CO Inc. now owns 278,228 shares of the oil and natural gas company's stock worth $7,971,000 after acquiring an additional 65,060 shares during the period. Institutional investors own 83.04% of the company's stock.
Antero Resources Trading Up 2.9 %
Shares of AR traded up $1.15 during mid-day trading on Wednesday, reaching $41.02. 3,469,262 shares of the company's stock traded hands, compared to its average volume of 4,897,072. The stock has a market cap of $12.76 billion, a P/E ratio of 128.18 and a beta of 3.38. The stock's 50-day moving average is $38.20 and its two-hundred day moving average is $32.78. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $41.53. 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 (NYSE:AR - Get Free Report) last announced its quarterly earnings data 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%. Research analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on AR shares. Wells Fargo & Company boosted their target price on Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Raymond James boosted their target price on Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Barclays boosted their target price on Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Finally, Benchmark reiterated a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.06.
Get Our Latest Stock Analysis on AR
Insider Buying and Selling
In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $71,568,000. This 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 available through the SEC website. 6.70% of the stock is owned by insiders.
Antero Resources Company Profile
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Free Report)
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.
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