Proficio Capital Partners LLC Acquires New Holdings in Antero Resources Co. (NYSE:AR)

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

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Antero Resources by 94.0% in the third 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 during the period. Confluence Investment Management LLC increased its holdings in Antero Resources by 7.8% during the third quarter. Confluence Investment Management LLC now owns 19,939 shares of the oil and natural gas company's stock valued at $571,000 after buying an additional 1,440 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Antero Resources in the third quarter worth approximately $45,000. Kailix Advisors LLC bought a new position in Antero Resources in the third quarter worth approximately $17,327,000. Finally, Versor Investments LP grew its position in shares of Antero Resources by 271.1% during the 3rd quarter. Versor Investments LP now owns 44,900 shares of the oil and natural gas company's stock valued at $1,286,000 after acquiring an additional 32,800 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Trading Up 3.3 %

AR traded up $1.14 on Tuesday, hitting $35.83. The company had a trading volume of 5,079,717 shares, compared to its average volume of 5,013,842. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $41.53. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The business's fifty day simple moving average is $37.99 and its 200 day simple moving average is $32.28. The company has a market cap of $11.15 billion, a PE ratio of 111.98 and a beta of 3.38.

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Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating 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%. Equities research analysts expect that Antero Resources Co. will post 2.74 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on AR. Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. StockNews.com raised Antero Resources to a "sell" rating in a research report on Thursday, February 13th. Citigroup increased their target price 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. Mizuho lifted their price target 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. Finally, Williams Trading set a $48.00 price objective on shares of Antero Resources in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.94.

Insider Activity 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 dated 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 sale, the director now directly owns 1,800,000 shares of the company's stock, valued at $71,568,000. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.70% of the stock is currently 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.