Antero Resources Co. (NYSE:AR) Shares Bought by Net Worth Advisory Group

Net Worth Advisory Group raised its position in Antero Resources Co. (NYSE:AR) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,597 shares of the oil and natural gas company’s stock after acquiring an additional 354 shares during the quarter. Net Worth Advisory Group’s holdings in Antero Resources were worth $582,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. purchased a new position in shares of Antero Resources during the 4th quarter valued at approximately $28,000. Spire Wealth Management purchased a new position in shares of Antero Resources during the 4th quarter valued at approximately $31,000. True Wealth Design LLC purchased a new position in shares of Antero Resources during the 3rd quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB boosted its stake in shares of Antero Resources by 205.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock valued at $48,000 after buying an additional 913 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Antero Resources by 59.6% during the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock valued at $49,000 after buying an additional 523 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Up 3.2 %

AR opened at $34.73 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $41.53. The stock’s 50 day moving average price is $37.99 and its 200 day moving average price is $32.28. The stock has a market cap of $10.81 billion, a P/E ratio of 108.53 and a beta of 3.38.

Antero Resources (NYSE:AR) last issued its quarterly earnings results 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%. As a group, research analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on AR. StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Thursday, February 13th. Benchmark reiterated a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Barclays increased their target price on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Finally, Raymond James increased their target price on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.94.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.70% of the stock is owned by insiders.

About Antero Resources

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.