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

Callahan Advisors LLC purchased a new stake in shares of Antero Resources Co. (NYSE:AR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,000 shares of the oil and natural gas company’s stock, valued at approximately $210,000.

Several other hedge funds have also made changes to their positions in AR. HITE Hedge Asset Management LLC grew its position in Antero Resources by 537.2% during the third quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock valued at $27,352,000 after purchasing an additional 804,851 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after buying an additional 675,053 shares during the period. Kailix Advisors LLC purchased a new position in shares of Antero Resources during the 3rd quarter valued at $17,327,000. Assenagon Asset Management S.A. increased its stake in shares of Antero Resources by 36.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock worth $50,060,000 after acquiring an additional 464,970 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Antero Resources by 10.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock worth $125,452,000 after acquiring an additional 411,549 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Down 0.3 %

Shares of AR opened at $39.74 on Wednesday. The stock’s 50-day moving average price is $36.78 and its 200 day moving average price is $31.38. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources Co. has a 12-month low of $23.25 and a 12-month high of $41.53. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 283.82 and a beta of 3.33.

Antero Resources (NYSE:AR) last released its quarterly earnings data 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 net margin of 1.03% and a negative return on equity of 0.59%. As a group, research analysts predict that Antero Resources Co. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Bank of America started coverage on Antero Resources in a research report on Monday, October 28th. They issued a “buy” rating and a $36.00 target price on the stock. The Goldman Sachs Group raised their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. UBS Group boosted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $24.00 to $32.00 in a research note on Tuesday, December 17th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.44.

Antero Resources 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.