Antero Resources Co. (NYSE:AR) Shares Acquired by Algert Global LLC

Algert Global LLC increased its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 26.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,432 shares of the oil and natural gas company's stock after acquiring an additional 46,547 shares during the quarter. Algert Global LLC owned about 0.07% of Antero Resources worth $7,901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in shares of Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock worth $928,000 after purchasing an additional 12,062 shares in the last quarter. Slate Path Capital LP purchased a new position in Antero Resources during the 4th quarter worth approximately $35,471,000. Wealthfront Advisers LLC acquired a new position in Antero Resources during the fourth quarter worth approximately $556,000. Allspring Global Investments Holdings LLC lifted its stake in Antero Resources by 1,423.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company's stock valued at $304,000 after buying an additional 7,983 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Antero Resources by 7.3% in the fourth quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company's stock valued at $6,246,000 after acquiring an additional 12,156 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the sale, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. This represents a 10.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.70% of the company's stock.

Antero Resources Stock Performance

NYSE:AR opened at $35.80 on Monday. The firm has a market cap of $11.13 billion, a PE ratio of 111.88 and a beta of 3.08. 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 1-year low of $24.53 and a 1-year high of $42.63. The firm has a 50 day simple moving average of $36.31 and a 200-day simple moving average of $34.88.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the firm earned $0.12 earnings per share. The business's revenue was up 20.5% on a year-over-year basis. On average, equities analysts expect that Antero Resources Co. will post 2.74 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com upgraded shares of Antero Resources to a "sell" rating in a research report on Thursday, February 13th. Morgan Stanley reiterated an "overweight" rating and set a $58.00 target price on shares of Antero Resources in a research note on Wednesday, March 26th. Barclays increased their price objective on Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Finally, Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned 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 a consensus target price of $42.44.

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.

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