Calamos Advisors LLC Buys New Position in Antero Resources Co. (NYSE:AR)

Calamos Advisors LLC purchased a new position in shares of Antero Resources Co. (NYSE:AR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 13,670 shares of the oil and natural gas company’s stock, valued at approximately $479,000.

Several other large investors also recently modified their holdings of AR. Geode Capital Management LLC increased its position 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 buying an additional 61,490 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 valued at $76,342,000 after purchasing an additional 122,815 shares in the last quarter. Capital CS Group LLC bought a new stake in shares of Antero Resources during the fourth quarter worth about $615,000. Franklin Resources Inc. increased its holdings in Antero Resources by 40.6% during the 3rd quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock worth $21,209,000 after purchasing an additional 218,517 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Antero Resources by 85.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company’s stock worth $4,810,000 after purchasing an additional 77,193 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Price Performance

Antero Resources stock opened at $39.53 on Thursday. Antero Resources Co. has a one year low of $20.56 and a one year high of $41.53. The business has a fifty day moving average price of $35.39 and a 200-day moving average price of $30.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $12.30 billion, a P/E ratio of 282.32 and a beta of 3.33.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $24.00 to $32.00 in a research note on Tuesday, December 17th. Raymond James upped their target price on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup upped their price objective on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. UBS Group upped their price objective on Antero Resources from $35.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Finally, StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.00.

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.