Tidal Investments LLC Raises Stock Position in Antero Resources Co. (NYSE:AR)

Tidal Investments LLC grew its position in Antero Resources Co. (NYSE:AR - Free Report) by 172.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,061 shares of the oil and natural gas company's stock after purchasing an additional 14,612 shares during the quarter. Tidal Investments LLC's holdings in Antero Resources were worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. SIR Capital Management L.P. bought a new position in shares of Antero Resources in the fourth quarter worth approximately $16,777,000. Royal Bank of Canada boosted its position in shares of Antero Resources by 100.2% during the fourth quarter. Royal Bank of Canada now owns 747,250 shares of the oil and natural gas company's stock worth $26,191,000 after acquiring an additional 374,068 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of Antero Resources during the fourth quarter worth $5,045,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Antero Resources during the fourth quarter worth $84,000. Finally, ProShare Advisors LLC boosted its position in shares of Antero Resources by 7.4% during the fourth quarter. ProShare Advisors LLC now owns 13,685 shares of the oil and natural gas company's stock worth $480,000 after acquiring an additional 941 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AR has been the subject of a number of research reports. Barclays upped their target price on shares of Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Morgan Stanley restated an "overweight" rating and set a $58.00 target price on shares of Antero Resources in a research report on Wednesday, March 26th. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $47.00 to $49.00 in a research report on Tuesday, May 13th. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and upped their target price for the stock from $40.00 to $46.00 in a research report on Tuesday, April 8th. Finally, Raymond James restated a "strong-buy" rating on shares of Antero Resources in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.33.

Antero Resources Trading Down 3.6%

Shares of AR traded down $1.40 during midday trading on Friday, hitting $37.44. The stock had a trading volume of 6,576,863 shares, compared to its average volume of 4,201,523. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63. The firm has a market cap of $11.63 billion, a PE ratio of 117.00 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The stock's 50 day moving average is $36.82 and its 200 day moving average is $36.34.

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

Insiders Place Their Bets

In related news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total value of $43,350,309.34. Following the completion of the transaction, the director now directly owns 38,013 shares of the company's stock, valued at $1,551,690.66. This trade represents a 96.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Yvette K. Schultz sold 25,200 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the completion of the transaction, the insider now directly owns 306,819 shares of the company's stock, valued at $12,229,805.34. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,125,200 shares of company stock worth $45,887,466 in the last three months. Corporate 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.