Norden Group LLC Invests $262,000 in Antero Resources Co. (NYSE:AR)

Norden Group LLC acquired a new stake in Antero Resources Co. (NYSE:AR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,471 shares of the oil and natural gas company's stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Antero Resources by 94.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,769 shares of the oil and natural gas company's stock valued at $681,000 after acquiring an additional 11,515 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Antero Resources by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 34,067 shares of the oil and natural gas company's stock valued at $976,000 after acquiring an additional 2,300 shares in the last quarter. US Bancorp DE increased its holdings in Antero Resources by 18.2% during the 3rd quarter. US Bancorp DE now owns 134,629 shares of the oil and natural gas company's stock valued at $3,857,000 after acquiring an additional 20,777 shares in the last quarter. Confluence Investment Management LLC increased its holdings in Antero Resources by 7.8% during the 3rd quarter. Confluence Investment Management LLC now owns 19,939 shares of the oil and natural gas company's stock valued at $571,000 after acquiring an additional 1,440 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Antero Resources during the third quarter worth about $45,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Remove Ads

Antero Resources Stock Down 0.3 %

Shares of NYSE AR traded down $0.11 during trading on Friday, reaching $33.67. 6,618,669 shares of the stock were exchanged, compared to its average volume of 4,969,100. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 105.23 and a beta of 3.38. The business's 50-day moving average price is $37.98 and its 200 day moving average price is $32.19. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $41.53.

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

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the sale, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AR has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of Antero Resources from $29.00 to $35.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. StockNews.com upgraded shares of Antero Resources to a "sell" rating in a report on Thursday, February 13th. Raymond James boosted their target price on shares of Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a report on Thursday, January 23rd. Benchmark restated a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. Finally, Barclays boosted their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus 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.