6,000 Shares in Antero Resources Co. (NYSE:AR) Purchased by SCP Investment LP

SCP Investment LP acquired a new stake in Antero Resources Co. (NYSE:AR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,000 shares of the oil and natural gas company’s stock, valued at approximately $210,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its holdings in Antero Resources by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock worth $55,278,000 after acquiring an additional 27,617 shares during the period. Citigroup Inc. grew its stake in shares of Antero Resources by 15.9% during the 3rd quarter. Citigroup Inc. now owns 178,053 shares of the oil and natural gas company’s stock worth $5,101,000 after purchasing an additional 24,455 shares during the period. D.A. Davidson & CO. purchased a new position in shares of Antero Resources in the 3rd quarter valued at about $1,372,000. Townsquare Capital LLC increased its holdings in shares of Antero Resources by 25.2% in the 3rd quarter. Townsquare Capital LLC now owns 12,996 shares of the oil and natural gas company’s stock valued at $372,000 after purchasing an additional 2,613 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Antero Resources by 1.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,622 shares of the oil and natural gas company’s stock worth $1,823,000 after buying an additional 1,216 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of NYSE:AR opened at $39.68 on Friday. The business has a fifty day simple moving average of $38.47 and a 200-day simple moving average of $33.58. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $42.63. The company has a market cap of $12.35 billion, a P/E ratio of 124.01 and a beta of 3.38. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last posted 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 net margin of 2.31% and a return on equity of 0.74%. Equities research analysts forecast that Antero Resources Co. will post 2.74 EPS for the current year.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AR has been the subject of a number of research reports. The Goldman Sachs Group lifted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Citigroup boosted their target price on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Raymond James raised their price target on 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 objective on shares of 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, Morgan Stanley restated an “overweight” rating and set a $58.00 target price on shares of Antero Resources in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.24.

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.