Price T Rowe Associates Inc. MD Boosts Stake in Antero Resources Co. (NYSE:AR)

Price T Rowe Associates Inc. MD boosted its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,488 shares of the oil and natural gas company's stock after acquiring an additional 14,659 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.06% of Antero Resources worth $6,221,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AR. Janney Montgomery Scott LLC increased its position in shares of Antero Resources by 83.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock valued at $928,000 after buying an additional 12,062 shares in the last quarter. Slate Path Capital LP purchased a new position in Antero Resources during the 4th quarter valued at about $35,471,000. Wealthfront Advisers LLC purchased a new position in Antero Resources during the 4th quarter valued at about $556,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 purchasing an additional 7,983 shares in the last quarter. Finally, Sei Investments Co. grew its position 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 purchasing an additional 12,156 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. StockNews.com upgraded Antero Resources to a "sell" rating in a research report on Thursday, February 13th. Williams Trading set a $48.00 price target on Antero Resources in a report on Wednesday, March 5th. Wells Fargo & Company increased their price objective on Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 19th. Barclays boosted their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Finally, Truist Financial raised their price target on shares of Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Antero Resources has an average rating of "Moderate Buy" and a consensus target price of $42.44.

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.70% of the stock is owned by insiders.

Antero Resources Trading Up 3.3 %

Shares of AR opened at $35.80 on Friday. The stock's fifty day simple moving average is $36.31 and its 200 day simple moving average is $34.83. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm has a market capitalization 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 data 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 analyst estimates of $1.28 billion. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The company's revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 EPS. On average, equities research analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current 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.

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