Capital CS Group LLC Takes Position in Antero Resources Co. (NYSE:AR)

Capital CS Group LLC acquired a new position in 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 institutional investor acquired 17,550 shares of the oil and natural gas company’s stock, valued at approximately $615,000. Antero Resources makes up 0.8% of Capital CS Group LLC’s portfolio, making the stock its 21st largest holding.

A number of other hedge funds have also made changes to their positions in AR. HITE Hedge Asset Management LLC lifted its holdings in Antero Resources by 537.2% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock worth $27,352,000 after buying an additional 804,851 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after buying an additional 675,053 shares during the last quarter. Kailix Advisors LLC acquired a new stake in shares of Antero Resources during the third quarter worth approximately $17,327,000. Driehaus Capital Management LLC bought a new position in Antero Resources during the 2nd quarter valued at $17,307,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Antero Resources by 36.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock worth $50,060,000 after purchasing an additional 464,970 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on AR. Raymond James lifted their price target on Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Morgan Stanley decreased their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. BMO Capital Markets increased their price objective on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Finally, UBS Group upped their target price on Antero Resources from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.88.

Antero Resources Price Performance

Shares of AR opened at $38.29 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $11.91 billion, a PE ratio of 273.50 and a beta of 3.37. Antero Resources Co. has a twelve month low of $20.56 and a twelve month high of $39.43. The firm’s 50 day moving average price is $32.49 and its 200 day moving average price is $29.83.

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.