Antero Resources Co. (NYSE:AR) Shares Purchased by Hood River Capital Management LLC

Hood River Capital Management LLC increased its stake in Antero Resources Co. (NYSE:AR) by 81.5% in the first quarter, Holdings Channel reports. The firm owned 117,658 shares of the oil and natural gas company’s stock after purchasing an additional 52,843 shares during the period. Hood River Capital Management LLC’s holdings in Antero Resources were worth $3,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of AR. Allspring Global Investments Holdings LLC increased its holdings in shares of Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 892 shares during the period. Mather Group LLC. acquired a new stake in shares of Antero Resources in the first quarter worth $37,000. Lindbrook Capital LLC raised its holdings in shares of Antero Resources by 81.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after purchasing an additional 664 shares during the last quarter. Planned Solutions Inc. acquired a new position in Antero Resources during the fourth quarter valued at $45,000. Finally, Quadrant Capital Group LLC boosted its holdings in Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after purchasing an additional 602 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AR. StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Friday, April 26th. Wells Fargo & Company decreased their target price on shares of Antero Resources from $43.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Truist Financial dropped their price target on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. Barclays started coverage on Antero Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price target for the company. Finally, Wolfe Research assumed coverage on Antero Resources in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $33.69.

Antero Resources Price Performance

NYSE AR traded up $0.39 during mid-day trading on Friday, hitting $29.59. The stock had a trading volume of 3,345,058 shares, compared to its average volume of 3,337,639. The firm’s 50 day moving average is $32.90 and its 200 day moving average is $29.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 147.95 and a beta of 3.39. Antero Resources Co. has a twelve month low of $20.10 and a twelve month high of $36.28.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. Equities research analysts forecast that Antero Resources Co. will post 0.42 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 100,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $34.53, for a total transaction of $3,453,000.00. Following the transaction, the director now owns 2,900,000 shares of the company’s stock, valued at $100,137,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robert J. Clark sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total transaction of $336,700.00. Following the completion of the sale, the director now directly owns 69,963 shares in the company, valued at $2,355,654.21. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director W Howard Keenan, Jr. sold 100,000 shares of Antero Resources stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $34.53, for a total transaction of $3,453,000.00. Following the transaction, the director now directly owns 2,900,000 shares in the company, valued at $100,137,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 476,377 shares of company stock valued at $16,326,084. 6.70% of the stock is currently owned by insiders.

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.