Cowa LLC Acquires Shares of 6,000 Antero Resources Co. (NYSE:AR)

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

Other hedge funds also recently made changes to their positions in the company. Creative Planning raised its position in Antero Resources by 8.6% during the third quarter. Creative Planning now owns 22,869 shares of the oil and natural gas company’s stock valued at $655,000 after buying an additional 1,813 shares during the period. Blue Trust Inc. boosted its stake in shares of Antero Resources by 741.2% during the 3rd quarter. Blue Trust Inc. now owns 4,795 shares of the oil and natural gas company’s stock worth $137,000 after acquiring an additional 4,225 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Antero Resources by 14.1% during the 3rd quarter. Raymond James & Associates now owns 477,023 shares of the oil and natural gas company’s stock worth $13,667,000 after acquiring an additional 58,806 shares in the last quarter. Signaturefd LLC boosted its stake in Antero Resources by 19.9% during the 3rd quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock valued at $121,000 after purchasing an additional 702 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Antero Resources by 36.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock valued at $50,060,000 after purchasing an additional 464,970 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

AR has been the subject of a number of recent research reports. StockNews.com raised Antero Resources to a “sell” rating in a report on Thursday, February 13th. Truist Financial increased their price objective on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. Barclays increased their price objective on Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Finally, Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $39.44.

Antero Resources Stock Down 3.4 %

AR opened at $38.18 on Friday. The company has a 50 day moving average of $37.17 and a 200 day moving average of $31.59. The company has a market cap of $11.88 billion, a PE ratio of 119.30 and a beta of 3.33. Antero Resources Co. has a 12 month low of $24.43 and a 12 month high of $41.53. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. On average, sell-side analysts expect that Antero Resources Co. will post 2.74 EPS for the current year.

Insider Buying and Selling

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.70% of the stock is owned by corporate insiders.

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.