Beacon Pointe Advisors LLC Acquires Shares of 6,184 Antero Resources Co. (NYSE:AR)

Beacon Pointe Advisors LLC bought a new position in Antero Resources Co. (NYSE:AR) in the 4th quarter, Holdings Channel.com reports. The firm bought 6,184 shares of the oil and natural gas company’s stock, valued at approximately $217,000.

Several other hedge funds also recently made changes to their positions in AR. Pinnacle Bancorp Inc. purchased a new position in Antero Resources during the fourth quarter worth about $28,000. Spire Wealth Management acquired a new position in Antero Resources during the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB raised its stake in shares of 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 worth $48,000 after buying an additional 913 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Antero Resources by 59.6% in the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock valued at $49,000 after buying an additional 523 shares during the period. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Antero Resources in the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Performance

NYSE:AR opened at $35.49 on Tuesday. The firm’s fifty day simple moving average is $36.28 and its 200 day simple moving average is $34.94. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63. The firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of 110.91 and a beta of 3.08.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. As a group, equities research analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial raised their target price on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday, January 13th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research note on Thursday, February 13th. TD Cowen upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and upped their target price for the stock from $40.00 to $46.00 in a research report on Tuesday, April 8th. Wells Fargo & Company increased their target price on Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, March 19th. Finally, Raymond James boosted their price target on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.44.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction on 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 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

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.