Antero Resources Corporation $AR Position Increased by Horizon Investments LLC

Horizon Investments LLC boosted its holdings in Antero Resources Corporation (NYSE:ARFree Report) by 553,689.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 371,039 shares of the oil and natural gas company’s stock after buying an additional 370,972 shares during the quarter. Horizon Investments LLC owned 0.12% of Antero Resources worth $12,786,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of Antero Resources during the 3rd quarter worth $26,000. Sunbelt Securities Inc. acquired a new stake in shares of Antero Resources during the third quarter worth $30,000. IFP Advisors Inc lifted its holdings in shares of Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 345 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Antero Resources by 167.8% during the fourth quarter. Sound Income Strategies LLC now owns 1,824 shares of the oil and natural gas company’s stock valued at $59,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its position in shares of Antero Resources by 100.1% in the 3rd quarter. Clearstead Advisors LLC now owns 2,487 shares of the oil and natural gas company’s stock valued at $83,000 after purchasing an additional 1,244 shares during the period. Institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

AR has been the topic of several recent analyst reports. Citigroup boosted their price objective on Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Wells Fargo & Company raised their target price on shares of Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Morgan Stanley boosted their price target on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Roth Mkm restated a “neutral” rating and issued a $38.00 price target on shares of Antero Resources in a research report on Thursday. Finally, Barclays raised their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Five analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $49.63.

Get Our Latest Analysis on Antero Resources

Key Stories Impacting Antero Resources

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Antero Resources Stock Down 1.0%

AR stock opened at $38.87 on Friday. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The company has a quick ratio of 0.55, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. The company has a market cap of $12.04 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.38 and a beta of 0.36. The company has a 50 day moving average of $39.17 and a two-hundred day moving average of $35.69.

Antero Resources (NYSE:ARGet Free Report) last issued its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. Antero Resources had a net margin of 16.39% and a return on equity of 7.80%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business posted $0.48 EPS. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, equities analysts anticipate that Antero Resources Corporation will post 4.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Antero Resources news, Director Benjamin A. Hardesty sold 12,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $44.00, for a total value of $528,000.00. Following the transaction, the director owned 150,242 shares in the company, valued at $6,610,648. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Yvette K. Schultz sold 15,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $39.33, for a total value of $589,950.00. Following the completion of the transaction, the insider directly owned 319,122 shares in the company, valued at approximately $12,551,068.26. The trade was a 4.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 6.30% of the stock is currently owned by company insiders.

Antero Resources Profile

(Free Report)

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.

Further Reading

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Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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