Los Angeles Capital Management LLC bought a new stake in shares of Antero Resources Co. (NYSE:AR – Get Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,047 shares of the oil and natural gas company's stock, valued at approximately $276,000.
A number of other institutional investors and hedge funds have also made changes to their positions in AR. Raymond James Financial Services Advisors Inc. increased its stake in shares of Antero Resources by 165.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 44,473 shares of the oil and natural gas company's stock valued at $1,358,000 after purchasing an additional 27,738 shares in the last quarter. US Bancorp DE grew its holdings in shares of Antero Resources by 3,532.9% during the first quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company's stock valued at $78,000 after buying an additional 2,473 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Antero Resources during the first quarter valued at approximately $220,000. Great West Life Assurance Co. Can grew its holdings in shares of Antero Resources by 20.8% during the first quarter. Great West Life Assurance Co. Can now owns 25,046 shares of the oil and natural gas company's stock valued at $813,000 after buying an additional 4,311 shares during the last quarter. Finally, Moors & Cabot Inc. purchased a new stake in shares of Antero Resources during the first quarter valued at approximately $230,000. Institutional investors own 77.78% of the company's stock.
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Shares of AR stock opened at $29.28 on Friday. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 4.75 and a beta of 3.50. Antero Resources Co. has a one year low of $18.62 and a one year high of $48.80. The company's fifty day moving average price is $32.08 and its 200-day moving average price is $35.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.38.
Antero Resources (NYSE:AR – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The oil and natural gas company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.25). The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.98 billion. Antero Resources had a net margin of 27.79% and a return on equity of 26.13%. Sell-side analysts expect that Antero Resources Co. will post 5.68 EPS for the current fiscal year.Analyst Ratings Changes
AR has been the topic of a number of recent analyst reports. Mizuho reiterated a "buy" rating and set a $51.00 price target on shares of Antero Resources in a report on Tuesday, January 10th. Wells Fargo & Company began coverage on shares of Antero Resources in a report on Tuesday. They issued an "overweight" rating and a $34.00 target price on the stock. Morgan Stanley dropped their target price on shares of Antero Resources from $34.00 to $29.00 and set an "equal weight" rating on the stock in a report on Tuesday. TD Securities dropped their target price on shares of Antero Resources from $56.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, October 27th. Finally, Truist Financial dropped their target price on shares of Antero Resources from $64.00 to $61.00 and set a "buy" rating on the stock in a report on Friday, October 28th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $44.90.
Insider Activity
In other news, insider Sheri Pearce sold 2,750 shares of the firm's stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $35.48, for a total transaction of $97,570.00. Following the sale, the insider now directly owns 91,266 shares in the company, valued at approximately $3,238,117.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Antero Resources news, insider Sheri Pearce sold 2,750 shares of Antero Resources stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $35.48, for a total value of $97,570.00. Following the sale, the insider now directly owns 91,266 shares in the company, valued at approximately $3,238,117.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director W Howard Keenan, Jr. sold 220,245 shares of Antero Resources stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $31.16, for a total transaction of $6,862,834.20. Following the completion of the sale, the director now owns 4,779,755 shares in the company, valued at $148,937,165.80. The disclosure for this sale can be found here. Insiders own 5.72% of the company's stock.
About Antero Resources
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Antero Resources Corp. is an independent oil and natural gas company, which engages in the development, production, exploration and acquisition of natural gas. It operates through the Exploration and Production, Marketing, and Equity Method Investment in Antero Midstream Corporation. The Exploration and Production segment develops natural gas, NGLs and oil.
Further Reading
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