Banco BTG Pactual S.A. Buys Shares of 6,400 Antero Resources Co. (NYSE:AR)

Banco BTG Pactual S.A. purchased a new position in shares of Antero Resources Co. (NYSE:AR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,400 shares of the oil and natural gas company’s stock, valued at approximately $228,000.

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

Insider Transactions at Antero Resources

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 shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on AR. Morgan Stanley reiterated an “overweight” rating and issued a $58.00 price target on shares of Antero Resources in a research note on Wednesday. UBS Group boosted their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Wells Fargo & Company raised their price target on Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, March 19th. Raymond James upped their price objective on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.24.

Antero Resources Stock Performance

Shares of NYSE:AR opened at $40.97 on Thursday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $12.75 billion, a price-to-earnings ratio of 128.03 and a beta of 3.38. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $42.63. The firm’s 50-day moving average is $38.51 and its 200 day moving average is $33.37.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Research analysts predict that Antero Resources Co. will post 2.74 EPS for the current year.

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.