48,906 Shares in Antero Resources Co. (NYSE:AR) Bought by Sciencast Management LP

Sciencast Management LP acquired a new position in shares of Antero Resources Co. (NYSE:AR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 48,906 shares of the oil and natural gas company’s stock, valued at approximately $1,714,000.

A number of other institutional investors have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its stake in shares of Antero Resources by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company’s stock worth $2,085,000 after purchasing an additional 300 shares during the period. Net Worth Advisory Group lifted its holdings in Antero Resources by 2.2% during the fourth quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company’s stock worth $582,000 after acquiring an additional 354 shares in the last quarter. Caprock Group LLC lifted its holdings in Antero Resources by 0.6% during the fourth quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock worth $2,047,000 after acquiring an additional 374 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Antero Resources by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 5,323 shares of the oil and natural gas company’s stock valued at $187,000 after purchasing an additional 386 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Antero Resources by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock valued at $107,000 after purchasing an additional 418 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AR shares. Wells Fargo & Company boosted their price target on Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. UBS Group lifted their target price on Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Barclays lifted their target price 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, StockNews.com raised Antero Resources to a “sell” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and an average target price of $41.06.

Antero Resources Stock Down 0.7 %

NYSE AR opened at $40.70 on Friday. The business has a fifty day moving average price of $38.37 and a two-hundred day moving average price of $32.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $41.53. The stock has a market capitalization of $12.66 billion, a PE ratio of 127.18 and a beta of 3.38.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Equities analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the company’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 completion of the transaction, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.70% of the company’s stock.

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.