Evergreen Capital Management LLC Has $807,000 Stock Holdings in Antero Resources Co. (NYSE:AR)

Evergreen Capital Management LLC lessened its stake in Antero Resources Co. (NYSE:AR) by 22.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 23,027 shares of the oil and natural gas company’s stock after selling 6,482 shares during the quarter. Evergreen Capital Management LLC’s holdings in Antero Resources were worth $807,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AR. Pinnacle Bancorp Inc. acquired a new position in shares of Antero Resources during the 4th quarter worth $28,000. Spire Wealth Management acquired a new position in Antero Resources during the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB raised its holdings in Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock valued at $48,000 after buying an additional 913 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Antero Resources by 59.6% in the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock worth $49,000 after buying an additional 523 shares during the last quarter. Finally, Transcendent Capital Group LLC bought a new stake in shares of Antero Resources during the 4th quarter worth about $56,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on AR. Morgan Stanley reissued an “overweight” rating and issued a $58.00 price target on shares of Antero Resources in a research report on Wednesday, March 26th. Williams Trading set a $48.00 target price on shares of Antero Resources in a research report on Wednesday, March 5th. TD Cowen upgraded Antero Resources from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. JPMorgan Chase & Co. boosted their target price on shares of Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Finally, Truist Financial lifted their target price on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and a consensus target price of $42.44.

Insider Activity

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Antero Resources Price Performance

NYSE:AR opened at $34.35 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm has a market cap of $10.69 billion, a PE ratio of 107.33 and a beta of 3.08. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $42.63. The company’s 50-day moving average price is $37.22 and its two-hundred day moving average price is $34.39.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping 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, equities analysts anticipate that Antero Resources Co. will post 2.74 EPS 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.