Antero Resources Co. (NYSE:AR) Stake Lessened by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its holdings in Antero Resources Co. (NYSE:AR) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,347 shares of the oil and natural gas company’s stock after selling 720 shares during the period. State of Alaska Department of Revenue’s holdings in Antero Resources were worth $1,168,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in shares of Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 686 shares in the last quarter. Pinnacle Bancorp Inc. purchased a new stake in shares of Antero Resources during the fourth quarter worth $28,000. True Wealth Design LLC purchased a new stake in shares of Antero Resources during the third quarter worth $30,000. Spire Wealth Management purchased a new stake in shares of Antero Resources during the fourth quarter worth $31,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Antero Resources during the third quarter worth $45,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analysts Set New Price Targets

AR has been the subject of several recent research reports. StockNews.com upgraded Antero Resources to a “sell” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. increased their price objective on Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Benchmark reiterated a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. Finally, Truist Financial increased their price objective on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Antero Resources Trading Down 1.7 %

Shares of NYSE:AR opened at $39.35 on Thursday. The company has a market cap of $12.24 billion, a P/E ratio of 281.07 and a beta of 3.33. The stock’s 50-day moving average is $36.09 and its 200-day moving average is $31.04. Antero Resources Co. has a 52-week low of $20.56 and a 52-week high of $41.53. 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 (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a negative return on equity of 0.59% and a net margin of 1.03%. Equities research analysts predict that Antero Resources Co. will post -0.11 earnings per share for the current 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.