MQS Management LLC Makes New $223,000 Investment in Antero Resources Co. (NYSE:AR)

MQS Management LLC bought a new position in shares of Antero Resources Co. (NYSE:AR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,797 shares of the oil and natural gas company’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its position in shares of Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after buying an additional 686 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 892 shares during the period. Capital Performance Advisors LLP purchased a new position in Antero Resources in the third quarter valued at $45,000. Mattson Financial Services LLC purchased a new position in Antero Resources in the second quarter valued at $64,000. Finally, GAMMA Investing LLC boosted its holdings in Antero Resources by 27.8% in the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 655 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price for the company in a report on Wednesday, September 11th. StockNews.com upgraded Antero Resources to a “sell” rating in a report on Friday, November 1st. UBS Group decreased their target price on Antero Resources from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, November 4th. The Goldman Sachs Group decreased their target price on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a report on Friday, September 6th. Finally, Citigroup initiated coverage on Antero Resources in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price target on the stock. Two 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.83.

Antero Resources Stock Up 0.2 %

AR opened at $30.48 on Friday. The business’s 50-day simple moving average is $28.01 and its 200-day simple moving average is $30.07. 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 Co. has a one year low of $20.10 and a one year high of $36.28. The stock has a market capitalization of $9.48 billion, a P/E ratio of 217.68 and a beta of 3.36.

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.