19,493 Shares in Antero Resources Co. (NYSE:AR) Bought by Weiss Asset Management LP

Weiss Asset Management LP acquired a new position in Antero Resources Co. (NYSE:AR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,493 shares of the oil and natural gas company's stock, valued at approximately $558,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in Antero Resources by 357.3% in the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock valued at $25,000 after acquiring an additional 686 shares during the period. True Wealth Design LLC purchased a new stake in shares of Antero Resources during the 3rd quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new position in Antero Resources in the 3rd quarter worth approximately $45,000. Mattson Financial Services LLC purchased a new position in Antero Resources in the 2nd quarter valued at approximately $64,000. Finally, Signaturefd LLC grew its position in shares of Antero Resources by 19.9% in the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company's stock valued at $121,000 after purchasing an additional 702 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

Shares of Antero Resources stock traded down $0.14 during trading on Tuesday, hitting $31.05. 2,629,645 shares of the company's stock traded hands, compared to its average volume of 4,069,461. Antero Resources Co. has a 1 year low of $20.10 and a 1 year high of $36.28. The business has a 50-day simple moving average of $29.66 and a 200-day simple moving average of $29.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $9.66 billion, a P/E ratio of 222.71 and a beta of 3.42.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AR. Truist Financial dropped their price target on Antero Resources from $29.00 to $28.00 and set a "hold" rating for the company in a research report on Monday, September 30th. Barclays dropped their price objective on shares of Antero Resources from $32.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, October 3rd. Raymond James increased their target price on Antero Resources from $34.00 to $44.00 and gave the company a "strong-buy" rating in a research note on Thursday, November 21st. Scotiabank raised shares of Antero Resources from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. Finally, BMO Capital Markets lifted their price target on Antero Resources from $33.00 to $34.00 and gave the stock a "market perform" rating in a research note on Friday, October 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $34.06.

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.