SCP Investment LP Acquires New Shares in Antero Resources Co. (NYSE:AR)

SCP Investment LP bought a new position in shares of Antero Resources Co. (NYSE:AR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,000 shares of the oil and natural gas company’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AR. Janney Montgomery Scott LLC boosted its position in shares of Antero Resources by 83.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock worth $928,000 after purchasing an additional 12,062 shares during the period. Geode Capital Management LLC grew its stake in shares of Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after buying an additional 61,490 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Antero Resources in the 4th quarter valued at $556,000. Allspring Global Investments Holdings LLC lifted its stake in Antero Resources by 1,423.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock worth $304,000 after acquiring an additional 7,983 shares in the last quarter. Finally, Capital CS Group LLC purchased a new position in Antero Resources during the 4th quarter valued at about $615,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Insider Activity

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’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 transaction, the director now owns 1,800,000 shares of the company’s stock, valued at $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 6.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AR. StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Thursday, February 13th. Citigroup increased their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Barclays boosted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. The Goldman Sachs Group increased their price objective on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Mizuho boosted their target price on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $42.24.

Antero Resources Stock Performance

Shares of AR stock opened at $39.68 on Friday. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 124.01 and a beta of 3.38. The stock’s 50-day moving average is $38.47 and its two-hundred day moving average is $33.58.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS 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%. Analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current year.

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.