Proficio Capital Partners LLC Purchases Shares of 27,619 Antero Resources Co. (NYSE:AR)

Proficio Capital Partners LLC purchased a new position in shares of Antero Resources Co. (NYSE:AR - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 27,619 shares of the oil and natural gas company's stock, valued at approximately $968,000.

A number of other hedge funds have also recently added to or reduced their stakes in AR. Janney Montgomery Scott LLC increased its stake in shares of Antero Resources by 83.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock valued at $928,000 after buying an additional 12,062 shares during the period. Geode Capital Management LLC lifted its stake in shares of Antero Resources by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company's stock valued at $139,054,000 after acquiring an additional 61,490 shares during the period. Massachusetts Financial Services Co. MA increased its position in Antero Resources by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company's stock worth $76,342,000 after purchasing an additional 122,815 shares during the period. Allspring Global Investments Holdings LLC increased its position in Antero Resources by 1,423.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company's stock worth $304,000 after purchasing an additional 7,983 shares during the period. Finally, Capital CS Group LLC bought a new stake in Antero Resources during the 4th quarter worth about $615,000. Institutional investors own 83.04% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AR. UBS Group lifted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Williams Trading set a $48.00 target price on shares of Antero Resources in a report on Wednesday, March 5th. The Goldman Sachs Group increased their price target on Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. Finally, Wells Fargo & Company upped their price objective on Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Antero Resources currently has an average rating of "Moderate Buy" and an average price target of $41.06.

Antero Resources Stock Up 0.6 %

Shares of AR stock traded up $0.25 during trading hours on Tuesday, hitting $41.46. 3,552,036 shares of the company were exchanged, compared to its average volume of 3,927,367. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $41.59. 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 business has a 50 day moving average of $38.43 and a two-hundred day moving average of $33.21. The company has a market capitalization of $12.90 billion, a PE ratio of 129.57 and a beta of 3.38.

Antero Resources (NYSE:AR - Get Free Report) last released its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm's stock in a transaction 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 transaction, the director now owns 1,800,000 shares of the company's stock, valued at approximately $71,568,000. This trade represents 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 accessible through this hyperlink. 6.70% of the stock is owned by insiders.

Antero Resources Company 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.