Hennessy Advisors Inc. Acquires 1,000 Shares of Antero Resources Co. (NYSE:AR)

Hennessy Advisors Inc. raised its holdings in shares of Antero Resources Co. (NYSE:AR) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,200 shares of the oil and natural gas company’s stock after purchasing an additional 1,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in Antero Resources were worth $848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. HITE Hedge Asset Management LLC grew its stake in Antero Resources by 537.2% in the third quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock worth $27,352,000 after purchasing an additional 804,851 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Antero Resources by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after buying an additional 675,053 shares during the period. Kailix Advisors LLC bought a new position in shares of Antero Resources during the 3rd quarter worth $17,327,000. Driehaus Capital Management LLC bought a new stake in shares of Antero Resources in the second quarter valued at about $17,307,000. Finally, Assenagon Asset Management S.A. lifted its stake in Antero Resources by 36.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock worth $50,060,000 after acquiring an additional 464,970 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. Benchmark reissued a “hold” rating on shares of Antero Resources in a research note on Friday. BMO Capital Markets lifted their price target on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, October 4th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Thursday. Finally, Raymond James lifted their price objective on shares of Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.88.

Antero Resources Stock Performance

Shares of AR opened at $40.50 on Friday. The stock has a 50-day simple moving average of $33.65 and a 200-day simple moving average of $30.10. The stock has a market capitalization of $12.60 billion, a PE ratio of 289.26 and a beta of 3.37. Antero Resources Co. has a 1 year low of $20.56 and a 1 year high of $40.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28.

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.