Choreo LLC Takes $217,000 Position in Antero Resources Co. (NYSE:AR)

Choreo LLC purchased a new stake in Antero Resources Co. (NYSE:AR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,110 shares of the oil and natural gas company’s stock, valued at approximately $217,000.

Several other large investors have also modified their holdings of AR. HITE Hedge Asset Management LLC increased its holdings in Antero Resources by 537.2% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock worth $27,352,000 after purchasing an additional 804,851 shares during the period. Wellington Management Group LLP increased its holdings in Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after purchasing an additional 675,053 shares during the period. Kailix Advisors LLC purchased a new stake in Antero Resources during the 3rd quarter worth about $17,327,000. Assenagon Asset Management S.A. increased its holdings in Antero Resources by 36.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock worth $50,060,000 after purchasing an additional 464,970 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Antero Resources by 10.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock worth $125,452,000 after purchasing an additional 411,549 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Raymond James increased their price objective 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 increased their price objective on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Bank of America began coverage on Antero Resources in a report on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective on the stock. The Goldman Sachs Group upped their target price on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Mizuho upped their target price on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.44.

Antero Resources Price Performance

AR opened at $39.84 on Friday. The stock has a fifty day moving average of $36.43 and a 200-day moving average of $31.20. The firm has a market capitalization of $12.40 billion, a P/E ratio of 284.57 and a beta of 3.33. Antero Resources Co. has a 12-month low of $22.01 and a 12-month high of $41.53. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping 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 analysts forecast that Antero Resources Co. will post -0.11 EPS for the current fiscal year.

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.