D.A. Davidson & CO. Purchases 18,019 Shares of Antero Resources Corporation $AR

D.A. Davidson & CO. grew its position in shares of Antero Resources Corporation (NYSE:AR) by 153.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,730 shares of the oil and natural gas company’s stock after buying an additional 18,019 shares during the quarter. D.A. Davidson & CO.’s holdings in Antero Resources were worth $998,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Accordant Advisory Group Inc lifted its holdings in Antero Resources by 3.0% during the third quarter. Accordant Advisory Group Inc now owns 41,826 shares of the oil and natural gas company’s stock worth $1,404,000 after acquiring an additional 1,217 shares during the period. Stanley Laman Group Ltd. bought a new stake in shares of Antero Resources during the 3rd quarter worth $2,651,000. Altfest L J & Co. Inc. boosted its holdings in shares of Antero Resources by 138.6% in the 3rd quarter. Altfest L J & Co. Inc. now owns 23,714 shares of the oil and natural gas company’s stock worth $796,000 after buying an additional 13,777 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Antero Resources by 36.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 467,035 shares of the oil and natural gas company’s stock valued at $16,337,000 after buying an additional 124,783 shares during the period. Finally, Merit Financial Group LLC increased its holdings in Antero Resources by 117.8% during the third quarter. Merit Financial Group LLC now owns 14,370 shares of the oil and natural gas company’s stock worth $482,000 after buying an additional 7,773 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Down 2.4%

AR opened at $31.42 on Monday. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $44.01. The company has a market cap of $9.69 billion, a PE ratio of 16.71 and a beta of 0.50. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $34.42 and a 200 day moving average of $33.74.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.38). Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the company earned ($0.07) EPS. The company’s revenue was up 15.0% on a year-over-year basis. On average, sell-side analysts expect that Antero Resources Corporation will post 2.74 EPS for the current year.

Insider Transactions at Antero Resources

In related news, insider Brendan E. Krueger bought 5,000 shares of the business’s stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $33.35 per share, for a total transaction of $166,750.00. Following the purchase, the insider directly owned 295,917 shares in the company, valued at $9,868,831.95. This trade represents a 1.72% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $39.00 target price (down from $44.00) on shares of Antero Resources in a research note on Monday, December 8th. Wells Fargo & Company lifted their price target on shares of Antero Resources from $39.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Zacks Research upgraded Antero Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Mizuho set a $47.00 price objective on Antero Resources in a report on Friday, December 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Antero Resources in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.47.

Antero Resources Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.