Tidal Investments LLC Buys 14,612 Shares of 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 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 acquiring an additional 14,612 shares during the period. Tidal Investments LLC's holdings in Antero Resources were worth $808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Antero Resources by 83.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock worth $928,000 after buying an additional 12,062 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of Antero Resources during the 4th quarter worth about $129,000. Blue Trust Inc. boosted its holdings in shares of Antero Resources by 10.9% during the 4th quarter. Blue Trust Inc. now owns 5,316 shares of the oil and natural gas company's stock worth $186,000 after buying an additional 521 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Antero Resources during the 4th quarter worth about $876,000. Finally, KBC Group NV boosted its holdings in shares of Antero Resources by 59.8% during the 4th quarter. KBC Group NV now owns 12,925 shares of the oil and natural gas company's stock worth $453,000 after buying an additional 4,839 shares during the period. Institutional investors own 83.04% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on AR shares. TD Cowen raised shares of Antero Resources from a "hold" rating to a "buy" rating and lifted their target price for the stock from $40.00 to $46.00 in a report on Tuesday, April 8th. JPMorgan Chase & Co. boosted their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Raymond James reissued a "strong-buy" rating on shares of Antero Resources in a report on Tuesday, May 13th. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.33.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 38,013 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total value of $1,532,684.16. Following the sale, the director now directly owns 364,992 shares in the company, valued at $14,716,477.44. This represents a 9.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 sale, the insider now directly owns 306,819 shares of the company's stock, valued at $12,229,805.34. This represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,125,200 shares of company stock worth $45,887,466 in the last three months. 6.70% of the stock is owned by corporate insiders.

Antero Resources Price Performance

Shares of NYSE:AR traded down $0.07 during midday trading on Thursday, hitting $38.90. The stock had a trading volume of 3,867,188 shares, compared to its average volume of 4,185,482. The company's 50-day moving average price is $36.95 and its 200-day moving average price is $36.21. The company has a market capitalization of $12.08 billion, a P/E ratio of 121.56 and a beta of 0.66. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $42.63.

Antero Resources (NYSE:AR - Get Free Report) last released 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 analysts' consensus estimates of $0.68 by $0.10. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.28 billion. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The firm's quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS. As a group, equities research analysts predict that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

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.