Mountain Lake Investment Management LLC Decreases Stock Holdings in Antero Resources Co. (NYSE:AR)

Mountain Lake Investment Management LLC cut its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,351 shares of the oil and natural gas company's stock after selling 23,649 shares during the period. Antero Resources comprises approximately 5.6% of Mountain Lake Investment Management LLC's investment portfolio, making the stock its 10th biggest holding. Mountain Lake Investment Management LLC's holdings in Antero Resources were worth $4,857,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new position in Antero Resources during the fourth quarter worth $28,000. True Wealth Design LLC bought a new stake in shares of Antero Resources in the third quarter valued at about $30,000. Spire Wealth Management bought a new stake in shares of Antero Resources in the fourth quarter valued at about $31,000. Capital Performance Advisors LLP bought a new stake in Antero Resources during the third quarter worth about $45,000. Finally, Wilmington Savings Fund Society FSB lifted 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 worth $48,000 after purchasing an additional 913 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Price Performance

AR stock traded up $0.77 during mid-day trading on Wednesday, reaching $40.51. 4,169,676 shares of the company traded hands, compared to its average volume of 4,833,483. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $12.60 billion, a P/E ratio of 126.45 and a beta of 3.33. Antero Resources Co. has a 52-week low of $23.25 and a 52-week high of $41.53. The company has a fifty day moving average price of $36.78 and a 200-day moving average price of $31.38.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 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%. As a group, analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AR shares. Raymond James upped their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. Mizuho upped their price objective on Antero Resources from $35.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Wells Fargo & Company upgraded Antero Resources from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. StockNews.com upgraded Antero Resources to a "sell" rating in a report on Thursday, February 13th. Finally, Benchmark reiterated a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Antero Resources has an average rating of "Moderate Buy" and an average target price of $39.44.

About Antero Resources

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.