Antero Resources Co. (NYSE:AR) Stock Position Decreased by Versor Investments LP

Versor Investments LP lowered its position in Antero Resources Co. (NYSE:AR - Free Report) by 84.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,900 shares of the oil and natural gas company's stock after selling 38,000 shares during the quarter. Versor Investments LP's holdings in Antero Resources were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in shares of Antero Resources during the fourth quarter worth about $28,000. True Wealth Design LLC acquired a new position in shares of Antero Resources during the third quarter worth about $30,000. Spire Wealth Management acquired a new position in shares of Antero Resources during the fourth quarter worth about $31,000. Capital Performance Advisors LLP acquired a new position in shares of Antero Resources during the third quarter worth about $45,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock worth $48,000 after purchasing an additional 913 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

Analysts Set New Price Targets

AR has been the topic of several recent analyst reports. Truist Financial boosted their price target on Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. StockNews.com upgraded Antero Resources to a "sell" rating in a research note on Thursday, February 13th. Benchmark reiterated a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. The Goldman Sachs Group boosted 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. Finally, UBS Group boosted their price objective on Antero Resources from $39.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. One 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $39.44.

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Antero Resources Stock Performance

Shares of NYSE:AR traded down $0.11 during trading on Friday, hitting $33.67. 6,618,669 shares of the company traded hands, compared to its average volume of 4,969,100. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 105.23 and a beta of 3.38. The business's fifty day moving average is $37.98 and its 200-day moving average is $32.19. Antero Resources Co. has a one year low of $24.53 and a one year 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.

Antero Resources (NYSE:AR - Get Free Report) last issued 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 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%. As a group, equities analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.70% of the company's stock.

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.