47,885 Shares in Antero Resources Co. (NYSE:AR) Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. bought a new stake in shares of Antero Resources Co. (NYSE:AR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 47,885 shares of the oil and natural gas company’s stock, valued at approximately $1,372,000.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Antero Resources by 6.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 151,281 shares of the oil and natural gas company’s stock valued at $4,388,000 after purchasing an additional 8,877 shares during the period. Cetera Advisors LLC purchased a new stake in Antero Resources in the 1st quarter valued at about $247,000. Confluence Investment Management LLC grew its stake in Antero Resources by 3.4% in the 2nd quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock worth $604,000 after acquiring an additional 616 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after acquiring an additional 655 shares during the period. Finally, Lesa Sroufe & Co bought a new stake in shares of Antero Resources during the second quarter valued at approximately $221,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

AR has been the topic of several research analyst reports. Roth Mkm started coverage on Antero Resources in a research note on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price objective on the stock. Barclays cut their price target on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. Morgan Stanley dropped their target price on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

Antero Resources Price Performance

Shares of NYSE AR opened at $32.69 on Friday. Antero Resources Co. has a fifty-two week low of $20.10 and a fifty-two week high of $36.28. The company has a market cap of $10.17 billion, a PE ratio of 233.50 and a beta of 3.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The business has a 50-day simple moving average of $29.27 and a two-hundred day simple moving average of $30.01.

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.