Antero Resources Co. (NYSE:AR) Shares Purchased by Raymond James & Associates

Raymond James & Associates increased its holdings in shares of Antero Resources Co. (NYSE:AR - Free Report) by 14.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 477,023 shares of the oil and natural gas company's stock after acquiring an additional 58,806 shares during the period. Raymond James & Associates owned about 0.15% of Antero Resources worth $13,667,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chickasaw Capital Management LLC grew its stake in 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 worth $273,000 after buying an additional 500 shares during the last quarter. Confluence Investment Management LLC lifted its holdings in shares of Antero Resources by 3.4% in the 2nd quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company's stock valued at $604,000 after buying an additional 616 shares during the period. GAMMA Investing LLC increased its stake in shares of Antero Resources by 27.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company's stock valued at $98,000 after purchasing an additional 655 shares in the last quarter. Wedmont Private Capital increased its stake in shares of Antero Resources by 4.2% in the 3rd quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company's stock valued at $505,000 after purchasing an additional 681 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Antero Resources by 357.3% in the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock valued at $25,000 after purchasing an additional 686 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AR has been the subject of several research reports. Wolfe Research upgraded Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 price objective for the company in a research note on Wednesday, September 11th. The Goldman Sachs Group decreased their price objective on Antero Resources from $36.00 to $32.00 and set a "buy" rating on the stock in a report on Friday, September 6th. Barclays decreased their price target on Antero Resources from $32.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 3rd. Scotiabank upgraded Antero Resources from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $40.00 to $44.00 in a research note on Tuesday, August 20th. Finally, Truist Financial reduced their price objective on Antero Resources from $29.00 to $28.00 and set a "hold" rating on the stock in a research note on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $32.94.

Insiders Place Their Bets

In other news, insider Yvette K. Schultz sold 50,000 shares of the company's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the transaction, the insider now owns 248,363 shares of the company's stock, valued at $6,268,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.70% of the stock is owned by corporate insiders.

Antero Resources Price Performance

Shares of AR traded down $0.33 during mid-day trading on Monday, reaching $27.41. 3,565,273 shares of the company's stock were exchanged, compared to its average volume of 4,084,271. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 137.00 and a beta of 3.33. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources Co. has a 52-week low of $20.10 and a 52-week high of $36.28. The company has a 50-day simple moving average of $27.47 and a two-hundred day simple moving average of $30.29.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The business had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. On average, sell-side analysts predict that Antero Resources Co. will post -0.21 EPS for the current fiscal year.

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.