Oak Thistle LLC Buys 16,937 Shares of Antero Resources Corporation $AR

Oak Thistle LLC raised its stake in Antero Resources Corporation (NYSE:AR) by 58.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,911 shares of the oil and natural gas company’s stock after purchasing an additional 16,937 shares during the period. Oak Thistle LLC’s holdings in Antero Resources were worth $1,541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AR. SVB Wealth LLC acquired a new position in shares of Antero Resources during the first quarter valued at about $26,000. Huntington National Bank increased its stake in Antero Resources by 91.3% during the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after acquiring an additional 313 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in Antero Resources by 114.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after acquiring an additional 500 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in Antero Resources by 9,900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after acquiring an additional 1,485 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Antero Resources by 701.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after acquiring an additional 2,616 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AR has been the subject of a number of recent research reports. Wall Street Zen lowered Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $39.00 price target (down previously from $44.00) on shares of Antero Resources in a report on Monday, December 8th. UBS Group increased their price objective on shares of Antero Resources from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Morgan Stanley lifted their target price on shares of Antero Resources from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, December 9th. Finally, Benchmark reissued a “hold” rating on shares of Antero Resources in a research report on Tuesday, December 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.47.

Insider Buying and Selling at Antero Resources

In other news, insider Brendan E. Krueger bought 5,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $33.35 per share, for a total transaction of $166,750.00. Following the completion of the purchase, the insider owned 295,917 shares of the company’s stock, valued at approximately $9,868,831.95. The trade was a 1.72% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Antero Resources Stock Up 3.2%

Shares of NYSE:AR opened at $34.28 on Thursday. The company’s fifty day moving average is $33.81 and its 200-day moving average is $34.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.01. The company has a market capitalization of $10.58 billion, a PE ratio of 18.24 and a beta of 0.57.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.38). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.25 billion. Antero Resources had a net margin of 11.73% and a return on equity of 7.51%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.07) earnings per share. Equities research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

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.