Hsbc Holdings PLC Makes New Investment in Antero Resources Co. (NYSE:AR)

Hsbc Holdings PLC acquired a new stake in Antero Resources Co. (NYSE:AR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,204 shares of the oil and natural gas company's stock, valued at approximately $781,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. World Investment Advisors LLC acquired a new position in Antero Resources during the 3rd quarter worth approximately $210,000. Franklin Resources Inc. raised its stake in Antero Resources by 40.6% in the third quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company's stock valued at $21,209,000 after buying an additional 218,517 shares in the last quarter. GAMMA Investing LLC raised its stake in Antero Resources by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company's stock valued at $107,000 after buying an additional 418 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Antero Resources during the 4th quarter worth about $365,000. Finally, Wedmont Private Capital increased its holdings in shares of Antero Resources by 28.5% in the 4th quarter. Wedmont Private Capital now owns 21,716 shares of the oil and natural gas company's stock valued at $832,000 after acquiring an additional 4,810 shares during the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.70% of the company's stock.

Antero Resources Trading Up 3.3 %

Shares of AR stock opened at $35.80 on Monday. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $42.63. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $36.31 and a 200-day simple moving average of $34.88. The stock has a market cap of $11.13 billion, a P/E ratio of 111.88 and a beta of 3.08.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, March 19th. Morgan Stanley reaffirmed an "overweight" rating and issued a $58.00 target price on shares of Antero Resources in a research report on Wednesday, March 26th. Benchmark restated a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. Raymond James lifted their target price on Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Barclays upped their target price on Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.44.

About Antero Resources

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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