Proficio Capital Partners LLC Takes $968,000 Position in Antero Resources Co. (NYSE:AR)

Proficio Capital Partners LLC purchased a new stake in shares of Antero Resources Co. (NYSE:AR) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 27,619 shares of the oil and natural gas company’s stock, valued at approximately $968,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of AR. Wellington Management Group LLP raised its position in shares of 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 last quarter. Geode Capital Management LLC grew its stake 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 worth $139,054,000 after acquiring an additional 61,490 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in Antero Resources by 10.4% in 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 acquiring an additional 411,549 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Antero Resources by 4.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after acquiring an additional 122,815 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Antero Resources by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock worth $55,278,000 after acquiring an additional 27,617 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Performance

Shares of AR stock opened at $33.67 on Friday. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $41.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $10.48 billion, a P/E ratio of 105.23 and a beta of 3.33. The company’s fifty day moving average price is $37.98 and its two-hundred day moving average price is $32.19.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. On average, research analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insider Activity

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the sale, the director now owns 1,800,000 shares of the company’s stock, valued at $71,568,000. This represents a 10.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AR. Mizuho lifted their target price on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $24.00 to $32.00 in a research note on Tuesday, December 17th. Citigroup boosted their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Raymond James boosted their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned 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, Antero Resources currently has an average rating of “Moderate Buy” and a consensus target price of $39.44.

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.