ProShare Advisors LLC purchased a new stake in shares of Antero Resources Co. (NYSE:AR – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,506 shares of the oil and natural gas company's stock, valued at approximately $473,000.
Other institutional investors have also added to or reduced their stakes in the company. BDO Wealth Advisors LLC purchased a new position in Antero Resources during the 2nd quarter valued at approximately $31,000. Total Clarity Wealth Management Inc. bought a new stake in shares of Antero Resources in the 2nd quarter valued at approximately $31,000. Riggs Asset Managment Co. Inc. lifted its stake in shares of Antero Resources by 63.5% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,040 shares of the oil and natural gas company's stock valued at $32,000 after purchasing an additional 404 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of Antero Resources in the 2nd quarter valued at approximately $32,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Antero Resources in the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 77.78% of the company's stock.
Get Antero Resources alerts:Insider Buying and Selling at Antero Resources
In other Antero Resources news, Director W Howard Keenan, Jr. sold 220,245 shares of Antero Resources stock in a transaction on Tuesday, December 6th. The stock was 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 directly owns 4,779,755 shares of the company's stock, valued at approximately $148,937,165.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.72% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on AR shares. Mizuho reaffirmed a "buy" rating and issued a $51.00 price objective on shares of Antero Resources in a research note on Tuesday, January 10th. Morgan Stanley lowered their price objective on Antero Resources from $34.00 to $29.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 24th. Tudor, Pickering, Holt & Co. lowered Antero Resources from a "buy" rating to a "hold" rating in a research note on Wednesday, November 30th. Wells Fargo & Company started coverage on Antero Resources in a research note on Tuesday, January 24th. They set an "overweight" rating and a $34.00 price target for the company. Finally, StockNews.com started coverage on Antero Resources in a research note on Wednesday, October 12th. They set a "hold" rating for the company. Five equities research 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. Based on data from MarketBeat, Antero Resources presently has an average rating of "Moderate Buy" and an average target price of $44.90.Antero Resources Trading Down 2.4 %
Shares of NYSE AR opened at $27.48 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $31.22 and a two-hundred day simple moving average of $34.95. The firm has a market cap of $8.25 billion, a PE ratio of 4.46 and a beta of 3.46. Antero Resources Co. has a twelve month low of $18.94 and a twelve month high of $48.80.
Antero Resources Company Profile
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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.
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