54,705 Shares in Antero Resources Co. (NYSE:AR) Purchased by Entropy Technologies LP

Entropy Technologies LP bought 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 & Exchange Commission. The fund bought 54,705 shares of the oil and natural gas company's stock, valued at approximately $1,917,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in shares of Antero Resources by 1.6% during the fourth quarter. Empowered Funds LLC now owns 91,630 shares of the oil and natural gas company's stock worth $3,212,000 after acquiring an additional 1,445 shares during the period. Wilmington Savings Fund Society FSB increased its position in shares of Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock worth $48,000 after acquiring an additional 913 shares during the period. Bleakley Financial Group LLC increased its position in shares of Antero Resources by 7.1% during the fourth quarter. Bleakley Financial Group LLC now owns 8,019 shares of the oil and natural gas company's stock worth $281,000 after acquiring an additional 531 shares during the period. Choreo LLC purchased a new stake in shares of Antero Resources during the fourth quarter worth $217,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Antero Resources during the fourth quarter worth $479,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AR. Bank of America began coverage on Antero Resources in a research report on Monday, October 28th. They set a "buy" rating and a $36.00 price objective on the stock. Mizuho boosted their target price on shares of Antero Resources from $35.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. The Goldman Sachs Group boosted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. 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 research note on Thursday. Finally, Truist Financial boosted their target price on shares of Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. One investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $39.31.

Antero Resources Stock Performance

Shares of NYSE:AR traded up $0.75 on Thursday, reaching $40.13. The company's stock had a trading volume of 6,169,457 shares, compared to its average volume of 4,906,893. The stock's 50-day moving average is $36.26 and its two-hundred day moving average is $31.11. Antero Resources Co. has a 52-week low of $20.56 and a 52-week high of $41.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $12.49 billion, a P/E ratio of 286.64 and a beta of 3.33.

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