T. Rowe Price Investment Management Inc. Has $110.25 Million Stake in Antero Resources Co. (NYSE:AR)

T. Rowe Price Investment Management Inc. lowered its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 18.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,145,531 shares of the oil and natural gas company's stock after selling 702,975 shares during the quarter. T. Rowe Price Investment Management Inc. owned 1.01% of Antero Resources worth $110,251,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in Antero Resources by 9.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 177,488 shares of the oil and natural gas company's stock valued at $6,221,000 after buying an additional 14,659 shares in the last quarter. Pinebridge Investments L.P. grew its stake in Antero Resources by 42.2% in the fourth quarter. Pinebridge Investments L.P. now owns 91,186 shares of the oil and natural gas company's stock valued at $3,196,000 after purchasing an additional 27,051 shares in the last quarter. Slate Path Capital LP acquired a new position in Antero Resources in the 4th quarter worth about $35,471,000. Hsbc Holdings PLC purchased a new stake in shares of Antero Resources during the 4th quarter worth about $781,000. Finally, Stifel Financial Corp lifted its holdings in shares of Antero Resources by 0.6% during the 4th quarter. Stifel Financial Corp now owns 84,530 shares of the oil and natural gas company's stock valued at $2,963,000 after buying an additional 520 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on AR. StockNews.com raised shares of Antero Resources to a "sell" rating in a research report on Thursday, February 13th. Truist Financial upped their price target on shares of Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a report on Monday, January 13th. TD Cowen raised Antero Resources from a "hold" rating to a "buy" rating and lifted their price target for the stock from $40.00 to $46.00 in a research report on Tuesday, April 8th. Benchmark reissued a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. Finally, The Goldman Sachs Group boosted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Antero Resources has an average rating of "Moderate Buy" and an average target price of $42.44.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.70% of the company's stock.

Antero Resources Price Performance

Shares of NYSE AR traded down $1.77 during mid-day trading on Wednesday, hitting $34.41. 1,642,223 shares of the stock were exchanged, compared to its average volume of 4,122,804. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63. The stock's fifty day simple moving average is $36.47 and its two-hundred day simple moving average is $34.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market cap of $10.71 billion, a P/E ratio of 107.53 and a beta of 3.08.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, analysts forecast 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.