Louisiana State Employees Retirement System Takes Position in Antero Resources Co. (NYSE:AR)

Louisiana State Employees Retirement System purchased a new stake in shares of Antero Resources Co. (NYSE:AR) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 79,300 shares of the oil and natural gas company’s stock, valued at approximately $1,799,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oslo Asset Management AS boosted its position in shares of Antero Resources by 150.0% during the fourth quarter. Oslo Asset Management AS now owns 300,000 shares of the oil and natural gas company’s stock valued at $6,804,000 after buying an additional 180,000 shares during the last quarter. Sapient Capital LLC purchased a new position in shares of Antero Resources during the fourth quarter valued at approximately $1,206,000. Cerity Partners LLC purchased a new position in shares of Antero Resources during the fourth quarter valued at approximately $1,015,000. LB Partners LLC purchased a new position in shares of Antero Resources during the fourth quarter valued at approximately $454,000. Finally, Miller Howard Investments Inc. NY purchased a new position in shares of Antero Resources during the fourth quarter valued at approximately $1,314,000. 83.04% of the stock is owned by institutional investors.

Insider Buying and Selling at Antero Resources

In related news, insider Sheri Pearce sold 28,009 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the sale, the insider now directly owns 106,698 shares in the company, valued at approximately $2,805,090.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the sale, the director now directly owns 3,000,000 shares in the company, valued at approximately $77,550,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Sheri Pearce sold 28,009 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the transaction, the insider now owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The disclosure for this sale can be found here. Insiders have sold a total of 467,280 shares of company stock worth $12,153,605 over the last ninety days. 5.95% of the stock is currently owned by company insiders.

Antero Resources Stock Performance

Shares of AR opened at $28.86 on Friday. The firm has a market cap of $8.76 billion, a PE ratio of 37.47 and a beta of 3.30. The stock’s fifty day moving average price is $26.71 and its two-hundred day moving average price is $25.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. Antero Resources Co. has a 1 year low of $19.91 and a 1 year high of $30.90.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. On average, equities research analysts forecast that Antero Resources Co. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AR. Raymond James lifted their target price on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 24th. Mizuho lifted their target price on Antero Resources from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Scotiabank lifted their target price on Antero Resources from $26.00 to $36.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Truist Financial dropped their price target on Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Finally, Wells Fargo & Company lifted their price target on Antero Resources from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $30.69.

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.