Colrain Capital LLC Takes Position in Antero Resources Co. (NYSE:AR)

Colrain Capital LLC acquired a new position in Antero Resources Co. (NYSE:AR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 133,250 shares of the oil and natural gas company’s stock, valued at approximately $4,670,000. Antero Resources accounts for approximately 4.6% of Colrain Capital LLC’s portfolio, making the stock its 6th largest holding.

Several other hedge funds have also recently bought and sold shares of AR. Pinnacle Bancorp Inc. acquired a new position in Antero Resources during the 4th quarter worth $28,000. True Wealth Design LLC acquired a new stake in Antero Resources in the third quarter worth about $30,000. Spire Wealth Management bought a new position in Antero Resources in the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB increased its stake in Antero Resources by 205.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock valued at $48,000 after buying an additional 913 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Antero Resources by 59.6% during the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock worth $49,000 after buying an additional 523 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Price Performance

Shares of NYSE:AR opened at $39.68 on Monday. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 124.01 and a beta of 3.38. Antero Resources Co. has a 1 year low of $24.53 and a 1 year 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 business has a fifty day simple moving average of $38.47 and a 200 day simple moving average of $33.63.

Antero Resources (NYSE:AR) last announced its quarterly earnings results 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, sell-side analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s 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 of the company’s stock, valued at $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AR shares. Raymond James raised their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Mizuho boosted their price objective on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. StockNews.com raised Antero Resources to a “sell” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Finally, The Goldman Sachs Group raised their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.24.

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.