Edgestream Partners L.P. Makes New Investment in Antero Resources Co. (NYSE:AR)

Edgestream Partners L.P. acquired a new position in shares of Antero Resources Co. (NYSE:AR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 21,008 shares of the oil and natural gas company’s stock, valued at approximately $736,000.

Several other institutional investors have also modified their holdings of AR. Versor Investments LP lifted its position in shares of Antero Resources by 271.1% during the 3rd quarter. Versor Investments LP now owns 44,900 shares of the oil and natural gas company’s stock worth $1,286,000 after purchasing an additional 32,800 shares during the last quarter. Barnett & Company Inc. purchased a new stake in shares of Antero Resources during the 3rd quarter worth $510,000. MQS Management LLC purchased a new stake in shares of Antero Resources during the 3rd quarter worth $223,000. KBC Group NV lifted its position in shares of Antero Resources by 12.4% during the 3rd quarter. KBC Group NV now owns 8,086 shares of the oil and natural gas company’s stock worth $232,000 after purchasing an additional 889 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Antero Resources by 6.2% during the 3rd quarter. Natixis Advisors LLC now owns 1,516,963 shares of the oil and natural gas company’s stock worth $43,461,000 after purchasing an additional 88,099 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 6.70% of the company’s stock.

Antero Resources Price Performance

Shares of NYSE:AR opened at $35.83 on Wednesday. The company has a 50-day simple moving average of $37.99 and a 200-day simple moving average of $32.40. Antero Resources Co. has a one year low of $24.53 and a one year high of $41.53. 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 stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 111.98 and a beta of 3.38.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. On average, analysts predict that Antero Resources Co. will post 2.74 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Barclays boosted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. UBS Group boosted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Citigroup boosted their price target on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.94.

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.