Mercuria Capital Strategies LLC Acquires Shares of 340,000 Antero Resources Co. (NYSE:AR)

Mercuria Capital Strategies LLC acquired a new stake in Antero Resources Co. (NYSE:AR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 340,000 shares of the oil and natural gas company’s stock, valued at approximately $11,917,000. Antero Resources accounts for about 4.6% of Mercuria Capital Strategies LLC’s portfolio, making the stock its 5th largest holding. Mercuria Capital Strategies LLC owned approximately 0.11% of Antero Resources as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new position in shares of Antero Resources during the fourth quarter valued at approximately $28,000. Spire Wealth Management purchased a new position in shares of Antero Resources during the fourth quarter valued at approximately $31,000. True Wealth Design LLC purchased a new position in shares of Antero Resources during the third quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB lifted its holdings in Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after acquiring an additional 913 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Antero Resources by 59.6% during the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock worth $49,000 after acquiring an additional 523 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AR. UBS Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Raymond James lifted their price target on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Barclays lifted their price target on Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus target price of $39.94.

Antero Resources Price Performance

AR opened at $36.10 on Thursday. The stock has a 50-day moving average price of $38.01 and a 200-day moving average price of $32.42. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $41.53. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $11.23 billion, a P/E ratio of 112.83 and a beta of 3.38.

Antero Resources (NYSE:AR) last posted 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 analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Equities analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value 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 approximately $71,568,000. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.70% of the company’s stock.

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.