Mercuria Capital Strategies LLC Invests $11.92 Million in Antero Resources Co. (NYSE:AR)

Mercuria Capital Strategies LLC purchased a new stake in Antero Resources Co. (NYSE:AR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 340,000 shares of the oil and natural gas company's stock, valued at approximately $11,917,000. Antero Resources makes up about 4.6% of Mercuria Capital Strategies LLC's investment portfolio, making the stock its 5th biggest holding. Mercuria Capital Strategies LLC owned 0.11% of Antero Resources at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its position in Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock worth $928,000 after purchasing an additional 12,062 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company's stock worth $139,054,000 after buying an additional 61,490 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Antero Resources by 4.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company's stock valued at $76,342,000 after acquiring an additional 122,815 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Antero Resources by 1,423.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company's stock valued at $304,000 after acquiring an additional 7,983 shares in the last quarter. Finally, Capital CS Group LLC purchased a new position in Antero Resources during the 4th quarter valued at about $615,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AR. Williams Trading set a $48.00 price target on shares of Antero Resources in a research report on Wednesday, March 5th. Wells Fargo & Company upgraded Antero Resources from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. The Goldman Sachs Group raised their price target on Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Citigroup boosted their target price on shares of Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $40.47.

Antero Resources Trading Up 3.4 %

Shares of NYSE AR traded up $1.29 during trading on Monday, hitting $38.86. 3,419,984 shares of the company traded hands, compared to its average volume of 3,905,526. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $41.53. The firm has a market capitalization of $12.09 billion, a P/E ratio of 121.43 and a beta of 3.38. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $38.08 and a 200-day moving average price of $32.60.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. On average, equities analysts predict that Antero Resources Co. will post 2.74 EPS for the current year.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm's stock in a transaction dated 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 directly owns 1,800,000 shares of the company's stock, valued at $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.70% of the stock is currently owned by insiders.

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.