SeaBridge Investment Advisors LLC Raises Position in Antero Resources Co. (NYSE:AR)

SeaBridge Investment Advisors LLC boosted its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 30.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,608 shares of the oil and natural gas company's stock after buying an additional 13,302 shares during the quarter. SeaBridge Investment Advisors LLC's holdings in Antero Resources were worth $2,019,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AR. UMB Bank n.a. lifted its stake in shares of Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock worth $25,000 after acquiring an additional 686 shares during the period. Pinnacle Bancorp Inc. bought a new stake in shares of Antero Resources during the fourth quarter valued at approximately $28,000. True Wealth Design LLC bought a new stake in shares of Antero Resources during the third quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in shares of Antero Resources during the third quarter valued at approximately $45,000. Finally, Mattson Financial Services LLC bought a new stake in shares of Antero Resources during the second quarter valued at approximately $64,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Trading Up 2.1 %

NYSE AR traded up $0.80 on Wednesday, hitting $39.53. The company's stock had a trading volume of 2,037,914 shares, compared to its average volume of 4,941,112. Antero Resources Co. has a 52-week low of $20.56 and a 52-week high of $41.53. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company's 50-day simple moving average is $35.25 and its 200 day simple moving average is $30.66. The firm has a market cap of $12.30 billion, a P/E ratio of 282.32 and a beta of 3.33.

Analyst Ratings Changes

AR has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. StockNews.com raised Antero Resources to a "sell" rating in a research report on Thursday, January 16th. Mizuho boosted their price objective on Antero Resources from $35.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Truist Financial boosted their price objective on Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Finally, Benchmark reissued a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Antero Resources currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Antero Resources 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.