Inceptionr LLC Acquires New Shares in Antero Resources Co. (NYSE:AR)

Inceptionr LLC acquired a new position in shares of Antero Resources Co. (NYSE:AR) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 7,545 shares of the oil and natural gas company’s stock, valued at approximately $264,000.

Other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in shares of Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock valued at $928,000 after buying an additional 12,062 shares during the last quarter. Geode Capital Management LLC increased its position in Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after acquiring an additional 61,490 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Antero Resources by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after acquiring an additional 122,815 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Antero Resources by 1,423.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock worth $304,000 after acquiring an additional 7,983 shares during the period. Finally, Capital CS Group LLC bought a new position in shares of Antero Resources in the fourth quarter worth $615,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value 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 $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. 6.70% of the stock is owned by corporate insiders.

Antero Resources Trading Down 0.3 %

NYSE:AR opened at $33.67 on Monday. The stock’s 50 day moving average price is $37.99 and its 200 day moving average price is $32.28. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $41.53. The company has a market capitalization of $10.48 billion, a P/E ratio of 105.23 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) last issued its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, beating 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%. On average, research analysts forecast that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AR shares. Benchmark restated a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Mizuho lifted their price target on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. UBS Group upped 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. Barclays raised their target price on Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Citigroup boosted their price target on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.44.

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.