Mirae Asset Securities USA Inc. Purchases 81,642 Shares of Antero Resources Co. (NYSE:AR)

Mirae Asset Securities USA Inc. grew its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 14,348.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,211 shares of the oil and natural gas company's stock after purchasing an additional 81,642 shares during the period. Antero Resources makes up 0.1% of Mirae Asset Securities USA Inc.'s portfolio, making the stock its 11th biggest holding. Mirae Asset Securities USA Inc.'s holdings in Antero Resources were worth $2,881,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new stake in Antero Resources during the fourth quarter valued at approximately $28,000. Spire Wealth Management purchased a new position in Antero Resources in the fourth quarter worth $31,000. True Wealth Design LLC bought a new position in Antero Resources in the third quarter valued at $30,000. Wilmington Savings Fund Society FSB raised its position in 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 valued at $48,000 after purchasing an additional 913 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Antero Resources by 59.6% in the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock worth $49,000 after purchasing an additional 523 shares in the last quarter. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Up 0.4 %

NYSE:AR traded up $0.15 on Friday, reaching $39.68. 3,365,698 shares of the stock traded hands, compared to its average volume of 3,993,293. 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 company has a market capitalization of $12.35 billion, a price-to-earnings ratio of 124.01 and a beta of 3.38. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $42.63. The company's fifty day simple moving average is $38.47 and its 200 day simple moving average is $33.52.

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Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating 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 predict that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the sale, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 6.70% of the company's stock.

Analyst Upgrades and Downgrades

AR has been the subject of several research reports. UBS Group upped their target price on Antero Resources from $39.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. StockNews.com raised shares of Antero Resources to a "sell" rating in a report on Thursday, February 13th. Raymond James increased their price objective on Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Benchmark reiterated a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. Finally, Morgan Stanley restated an "overweight" rating and issued a $58.00 price objective on shares of Antero Resources in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.24.

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.