Transcendent Capital Group LLC Makes New $56,000 Investment in Antero Resources Co. (NYSE:AR)

Transcendent Capital Group LLC acquired a new stake in Antero Resources Co. (NYSE:AR) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,600 shares of the oil and natural gas company’s stock, valued at approximately $56,000.

Other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new stake in Antero Resources during the fourth quarter worth about $28,000. Spire Wealth Management purchased a new position in shares of Antero Resources during the fourth quarter valued at approximately $31,000. True Wealth Design LLC bought a new stake in shares of Antero Resources during the 3rd quarter valued at about $30,000. Wilmington Savings Fund Society FSB raised its position in shares of Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after acquiring an additional 913 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Antero Resources by 59.6% during the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock valued at $49,000 after buying an additional 523 shares during the period. Institutional investors own 83.04% of the company’s stock.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction on 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 directly owns 1,800,000 shares of the company’s stock, valued at $71,568,000. The trade was a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Raymond James lifted their target price on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Truist Financial boosted their target price on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Bank of America assumed coverage on shares of Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 target price on the stock. UBS Group raised their target price 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, StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.44.

Antero Resources Stock Down 0.7 %

AR stock opened at $37.88 on Tuesday. The firm has a 50 day simple moving average of $37.30 and a 200-day simple moving average of $31.76. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $41.53. The company has a market capitalization of $11.79 billion, a P/E ratio of 118.36 and a beta of 3.33. 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 issued its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal 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.