Voloridge Investment Management LLC Makes New Investment in Antero Resources Co. (NYSE:AR)

Voloridge Investment Management LLC acquired a new position in shares of Antero Resources Co. (NYSE:AR) during the 4th quarter, Holdings Channel reports. The firm acquired 274,908 shares of the oil and natural gas company’s stock, valued at approximately $1,498,000.

A number of other hedge funds have also recently bought and sold shares of AR. HighMark Wealth Management LLC bought a new position in Antero Resources during the 4th quarter worth $34,000. D L Carlson Investment Group Inc. bought a new position in shares of Antero Resources in the fourth quarter worth $54,000. Oakwell Private Wealth Management LLC bought a new position in shares of Antero Resources in the fourth quarter worth $57,000. Point72 Hong Kong Ltd bought a new position in shares of Antero Resources in the third quarter worth $62,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Antero Resources in the fourth quarter worth $69,000. Hedge funds and other institutional investors own 80.06% of the company’s stock.

A number of research analysts recently commented on AR shares. The Goldman Sachs Group cut Antero Resources from a “neutral” rating to a “sell” rating in a research report on Friday, March 12th. Tudor Pickering upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Tuesday, January 12th. TD Securities raised their price target on Antero Resources from $6.00 to $9.50 and gave the stock a “hold” rating in a research report on Monday, February 22nd. Capital One Financial raised Antero Resources from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, February 16th. Finally, Raymond James raised Antero Resources from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research note on Tuesday, January 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Antero Resources has a consensus rating of “Hold” and an average price target of $7.08.

In other news, Director Robert J. Clark sold 168,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 3rd. The stock was sold at an average price of $9.79, for a total transaction of $1,644,720.00. Following the completion of the sale, the director now owns 148,242 shares in the company, valued at $1,451,289.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 10.40% of the company’s stock.

Antero Resources stock opened at $10.27 on Thursday. The stock’s 50 day moving average is $9.78 and its 200 day moving average is $6.13. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market cap of $3.09 billion, a P/E ratio of -1.58 and a beta of 4.57. Antero Resources Co. has a one year low of $1.02 and a one year high of $10.94.

Antero Resources (NYSE:AR) last issued its earnings results on Tuesday, February 16th. The oil and natural gas company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.09). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.07 billion. Antero Resources had a negative return on equity of 2.17% and a negative net margin of 58.04%. Equities analysts anticipate that Antero Resources Co. will post -0.59 earnings per share for the current fiscal year.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2019, the company had approximately 451,000 net acres in the southwestern core of the Marcellus Shale; and 91,000 net acres in the core of the Utica Shale.

Further Reading: Market Perform

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Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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