Wilmington Savings Fund Society FSB Buys 913 Shares of Antero Resources Co. (NYSE:AR)

Wilmington Savings Fund Society FSB raised its stake in Antero Resources Co. (NYSE:AR) by 205.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,358 shares of the oil and natural gas company’s stock after acquiring an additional 913 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Antero Resources were worth $48,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AR. Bleakley Financial Group LLC grew its holdings in shares of Antero Resources by 7.1% in the 4th quarter. Bleakley Financial Group LLC now owns 8,019 shares of the oil and natural gas company’s stock worth $281,000 after purchasing an additional 531 shares during the last quarter. Choreo LLC acquired a new position in Antero Resources in the fourth quarter valued at about $217,000. Calamos Advisors LLC bought a new stake in Antero Resources during the fourth quarter worth about $479,000. Trust Point Inc. acquired a new stake in shares of Antero Resources during the fourth quarter worth approximately $226,000. Finally, Golden State Equity Partners raised its stake in shares of Antero Resources by 820.3% in the fourth quarter. Golden State Equity Partners now owns 13,805 shares of the oil and natural gas company’s stock valued at $484,000 after acquiring an additional 12,305 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AR shares. Barclays raised their price target on Antero Resources from $30.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Bank of America initiated coverage on Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 target price for the company. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. JPMorgan Chase & Co. raised their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Finally, Benchmark reiterated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.31.

Antero Resources Trading Up 1.9 %

NYSE:AR opened at $40.13 on Friday. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 286.64 and a beta of 3.33. Antero Resources Co. has a 1-year low of $20.56 and a 1-year high of $41.53. The business’s 50-day moving average price is $36.26 and its two-hundred day moving average price is $31.11. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 1.03% and a negative return on equity of 0.59%. On average, equities analysts expect that Antero Resources Co. will post -0.11 earnings per share 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.