Pinnbrook Capital Management LP Takes Position in Antero Resources Co. (NYSE:AR)

Pinnbrook Capital Management LP acquired a new stake in Antero Resources Co. (NYSE:AR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,773 shares of the oil and natural gas company's stock, valued at approximately $1,008,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Antero Resources by 4.0% during the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company's stock worth $500,231,000 after acquiring an additional 675,053 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Antero Resources by 1.3% during 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 purchasing an additional 61,490 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Antero Resources by 10.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company's stock worth $125,452,000 after purchasing an additional 411,549 shares during the last quarter. Massachusetts Financial Services Co. MA lifted 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 buying an additional 122,815 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Antero Resources by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company's stock valued at $55,278,000 after buying an additional 27,617 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of analyst reports. Wells Fargo & Company raised Antero Resources from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Mizuho upped their target price on shares of Antero Resources from $35.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, December 16th. StockNews.com upgraded shares of Antero Resources to a "sell" rating in a report on Thursday, February 13th. Raymond James upped their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Bank of America assumed coverage on shares of Antero Resources in a research report on Monday, October 28th. They set a "buy" rating and a $36.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.44.

Insider Buying and Selling

In related 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 transaction of $7,952,000.00. Following the sale, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.70% of the stock is owned by corporate insiders.

Antero Resources Trading Down 3.4 %

Shares of NYSE:AR traded down $1.33 during trading on Friday, reaching $38.18. 5,943,913 shares of the stock were exchanged, compared to its average volume of 4,890,697. The firm's 50-day moving average price is $37.17 and its 200 day moving average price is $31.59. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 119.30 and a beta of 3.33. Antero Resources Co. has a 12-month low of $24.43 and a 12-month high of $41.53. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35.

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 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that Antero Resources Co. will post 2.74 earnings per share 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.