Inceptionr LLC Acquires New Position in Antero Resources Co. (NYSE:AR)

Inceptionr LLC bought a new position in shares of Antero Resources Co. (NYSE:AR) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 7,545 shares of the oil and natural gas company’s stock, valued at approximately $264,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AR. Confluence Investment Management LLC grew its stake in Antero Resources by 7.8% in the 3rd quarter. Confluence Investment Management LLC now owns 19,939 shares of the oil and natural gas company’s stock valued at $571,000 after acquiring an additional 1,440 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Antero Resources during the 3rd quarter worth approximately $45,000. Kailix Advisors LLC acquired a new position in shares of Antero Resources during the 3rd quarter worth approximately $17,327,000. Versor Investments LP lifted its stake in Antero Resources by 271.1% in the 3rd quarter. Versor Investments LP now owns 44,900 shares of the oil and natural gas company’s stock valued at $1,286,000 after buying an additional 32,800 shares in the last quarter. Finally, Barnett & Company Inc. acquired a new stake in Antero Resources during the 3rd quarter valued at $510,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AR. The Goldman Sachs Group upped their price objective on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Raymond James upped their target price on shares of Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. UBS Group upped their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $24.00 to $32.00 in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.44.

Antero Resources Stock Performance

NYSE:AR opened at $33.67 on Monday. The firm has a 50-day moving average of $37.99 and a two-hundred day moving average of $32.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market cap of $10.48 billion, a P/E ratio of 105.23 and a beta of 3.38. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $41.53.

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%. On average, research analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current fiscal 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.