Janney Montgomery Scott LLC Has $928,000 Stake in Antero Resources Co. (NYSE:AR)

Janney Montgomery Scott LLC raised its holdings in Antero Resources Co. (NYSE:AR) by 83.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,467 shares of the oil and natural gas company’s stock after buying an additional 12,062 shares during the period. Janney Montgomery Scott LLC’s holdings in Antero Resources were worth $928,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AR. Viking Fund Management LLC increased its holdings in Antero Resources by 40.0% during the fourth quarter. Viking Fund Management LLC now owns 140,000 shares of the oil and natural gas company’s stock worth $4,907,000 after buying an additional 40,000 shares during the last quarter. Atomi Financial Group Inc. grew its position in shares of Antero Resources by 6.4% in the 4th quarter. Atomi Financial Group Inc. now owns 9,261 shares of the oil and natural gas company’s stock valued at $325,000 after acquiring an additional 559 shares during the period. Ballentine Partners LLC acquired a new position in shares of Antero Resources during the 4th quarter worth about $205,000. UMB Bank n.a. raised 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 purchasing an additional 523 shares during the period. Finally, HB Wealth Management LLC acquired a new stake in Antero Resources in the 4th quarter valued at about $203,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AR shares. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $24.00 to $32.00 in a research note on Tuesday, December 17th. StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Thursday, January 16th. Citigroup lifted their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Mizuho increased their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, Barclays lifted their target price on shares of Antero Resources from $30.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.00.

Antero Resources Stock Performance

AR opened at $39.53 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. Antero Resources Co. has a 52-week low of $20.56 and a 52-week high of $41.53. The firm has a market cap of $12.30 billion, a P/E ratio of 282.32 and a beta of 3.33. The business’s fifty day moving average is $35.39 and its 200-day moving average is $30.73.

Antero Resources 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.