Entropy Technologies LP Buys Shares of 54,705 Antero Resources Co. (NYSE:AR)

Entropy Technologies LP purchased a new position in Antero Resources Co. (NYSE:AR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 54,705 shares of the oil and natural gas company’s stock, valued at approximately $1,917,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in Antero Resources by 4.0% during the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after purchasing an additional 675,053 shares during the period. Geode Capital Management LLC grew its stake in Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after acquiring an additional 61,490 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of Antero Resources by 10.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock worth $125,452,000 after purchasing an additional 411,549 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Antero Resources by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after buying an additional 122,815 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Antero Resources by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock valued at $55,278,000 after purchasing an additional 27,617 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

AR has been the topic of a number of research reports. Raymond James raised their target price on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upped their target price 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. StockNews.com upgraded Antero Resources to a “sell” rating in a research report on Thursday, January 16th. UBS Group upped their target price on shares of Antero Resources from $35.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, Benchmark restated a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. One 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Antero Resources Trading Down 1.1 %

NYSE:AR opened at $37.88 on Monday. The company has a market capitalization of $11.79 billion, a PE ratio of 270.54 and a beta of 3.33. Antero Resources Co. has a 52-week low of $20.56 and a 52-week high of $41.53. The stock’s 50 day moving average price is $35.61 and its 200 day moving average price is $30.84. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

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.