Janney Montgomery Scott LLC Acquires 12,062 Shares of Antero Resources Co. (NYSE:AR)

Janney Montgomery Scott LLC grew its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 83.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,467 shares of the oil and natural gas company's stock after purchasing an additional 12,062 shares during the period. Janney Montgomery Scott LLC's holdings in Antero Resources were worth $928,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AR. GAMMA Investing LLC increased its position in Antero Resources by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company's stock worth $107,000 after purchasing an additional 418 shares during the last quarter. Icon Wealth Advisors LLC increased its holdings in shares of Antero Resources by 5.8% during the 3rd quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company's stock valued at $242,000 after acquiring an additional 460 shares during the last quarter. Chickasaw Capital Management LLC increased its holdings in shares of Antero Resources by 5.5% during the 3rd quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company's stock valued at $273,000 after acquiring an additional 500 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of 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 valued at $49,000 after acquiring an additional 523 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in shares of Antero Resources by 6.4% during the 4th quarter. Atomi Financial Group Inc. now owns 9,261 shares of the oil and natural gas company's stock valued at $325,000 after acquiring an additional 559 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Price Performance

Shares of Antero Resources stock traded down $0.43 during midday trading on Friday, hitting $37.88. 2,816,065 shares of the company were exchanged, compared to its average volume of 4,851,639. 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 firm has a market cap of $11.79 billion, a P/E ratio of 270.54 and a beta of 3.33. Antero Resources Co. has a 52 week low of $20.56 and a 52 week high of $41.53. The firm has a 50 day simple moving average of $35.61 and a 200-day simple moving average of $30.83.

Analyst Ratings Changes

A number of brokerages have recently commented on AR. Bank of America began coverage on Antero Resources in a report on Monday, October 28th. They set a "buy" rating and a $36.00 price objective on the stock. Barclays increased their price objective on Antero Resources from $30.00 to $36.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. The Goldman Sachs Group raised their target price on Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Mizuho raised their target price on Antero Resources from $35.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Finally, UBS Group raised their target price on Antero Resources from $35.00 to $39.00 and gave the company a "neutral" rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

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.