Tower Research Capital LLC TRC Increases Stake in Antero Resources Co. (NYSE:AR)

Tower Research Capital LLC TRC increased its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 100.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,860 shares of the oil and natural gas company's stock after buying an additional 10,955 shares during the period. Tower Research Capital LLC TRC's holdings in Antero Resources were worth $766,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AR. Raymond James Financial Inc. purchased a new position in shares of Antero Resources in the 4th quarter valued at about $140,020,000. Wellington Management Group LLP lifted its position in shares of Antero Resources by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock worth $689,135,000 after buying an additional 2,201,429 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Antero Resources by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock valued at $414,628,000 after buying an additional 1,274,760 shares in the last quarter. Cooper Creek Partners Management LLC purchased a new position in shares of Antero Resources in the 4th quarter valued at $31,565,000. Finally, Amundi raised its stake in Antero Resources by 117.9% during the 4th quarter. Amundi now owns 1,132,725 shares of the oil and natural gas company's stock worth $42,885,000 after acquiring an additional 612,997 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

Insider Buying and Selling at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. StockNews.com raised Antero Resources to a "sell" rating in a report on Thursday, February 13th. Barclays lifted their price target on Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. The Goldman Sachs Group increased their price objective on Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Finally, Benchmark reiterated a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Antero Resources has a consensus rating of "Moderate Buy" and an average target price of $42.44.

Antero Resources Price Performance

Shares of AR opened at $35.33 on Friday. 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 stock's 50 day moving average is $36.63 and its two-hundred day moving average is $34.57. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63. The firm has a market capitalization of $10.99 billion, a PE ratio of 110.41 and a beta of 3.08.

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

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.

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