Wealthfront Advisers LLC bought a new stake in Antero Resources Co. (NYSE:AR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,852 shares of the oil and natural gas company's stock, valued at approximately $556,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Bancorp Inc. purchased a new stake in Antero Resources in the fourth quarter valued at approximately $28,000. Spire Wealth Management bought a new position in Antero Resources during the fourth quarter valued at approximately $31,000. True Wealth Design LLC bought a new position in Antero Resources during the third quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB grew its position in 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 valued at $48,000 after acquiring an additional 913 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Antero Resources by 59.6% during the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock valued at $49,000 after acquiring an additional 523 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.
Antero Resources Trading Down 0.1 %
AR stock traded down $0.06 on Thursday, reaching $40.96. The company's stock had a trading volume of 4,120,972 shares, compared to its average volume of 3,923,155. The business has a fifty day simple moving average of $38.26 and a two-hundred day simple moving average of $32.84. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $41.53. The firm has a market cap of $12.75 billion, a PE ratio of 128.00 and a beta of 3.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35.
Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings data 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%. As a group, research analysts forecast that Antero Resources Co. will post 2.74 EPS for the current year.
Wall Street Analysts Forecast Growth
AR has been the topic of a number of recent research reports. StockNews.com upgraded shares of Antero Resources to a "sell" rating in a research report on Thursday, February 13th. Raymond James increased their price target on shares of Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 23rd. Barclays increased their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Williams Trading set a $48.00 price target on shares of Antero Resources in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. One investment 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $41.06.
Read Our Latest Report on Antero Resources
Insider Buying and Selling at Antero Resources
In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.70% of the company's stock.
Antero Resources Company Profile
(
Free Report)
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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