Antero Resources Corporation $AR Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in Antero Resources Corporation (NYSE:AR) by 29.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 74,141 shares of the oil and natural gas company’s stock after buying an additional 16,758 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Antero Resources were worth $2,387,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC increased its stake in Antero Resources by 15.7% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 12,671 shares of the oil and natural gas company’s stock worth $417,000 after buying an additional 1,717 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Antero Resources by 7.5% in the fourth quarter. Wedmont Private Capital now owns 21,758 shares of the oil and natural gas company’s stock worth $715,000 after acquiring an additional 1,517 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of Antero Resources in the fourth quarter worth approximately $326,000. Confluence Investment Management LLC increased its position in shares of Antero Resources by 27.7% during the fourth quarter. Confluence Investment Management LLC now owns 28,627 shares of the oil and natural gas company’s stock worth $986,000 after purchasing an additional 6,217 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Antero Resources by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 5,751 shares of the oil and natural gas company’s stock valued at $198,000 after purchasing an additional 1,533 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Citigroup raised their price objective on Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group increased their target price on shares of Antero Resources from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Mizuho set a $47.00 price target on shares of Antero Resources in a research note on Friday, December 12th. Truist Financial started coverage on shares of Antero Resources in a research report on Tuesday, March 24th. They set a “buy” rating and a $56.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Antero Resources in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and a consensus price target of $47.50.

Antero Resources Price Performance

Antero Resources stock opened at $40.89 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $37.56 and a 200 day moving average price of $34.97. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The stock has a market cap of $12.61 billion, a P/E ratio of 20.24 and a beta of 0.42.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.13. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business posted $0.48 EPS. Antero Resources’s revenue was up 20.8% on a year-over-year basis. Sell-side analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Insider Activity at Antero Resources

In related news, Director Benjamin A. Hardesty sold 12,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total value of $528,000.00. Following the completion of the transaction, the director directly owned 150,242 shares in the company, valued at approximately $6,610,648. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Yvette K. Schultz sold 15,000 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $39.33, for a total value of $589,950.00. Following the sale, the insider directly owned 319,122 shares of the company’s stock, valued at approximately $12,551,068.26. This trade represents a 4.49% decrease in their position. The SEC filing for this sale provides additional information. 6.30% of the stock is currently owned by insiders.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.