Sprott Inc. Buys New Stake in Antero Resources Co. (NYSE:AR)

Sprott Inc. purchased a new stake in Antero Resources Co. (NYSE:AR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 5,750 shares of the oil and natural gas company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in shares of Antero Resources by 83.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock worth $928,000 after buying an additional 12,062 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after acquiring an additional 61,490 shares during the period. Massachusetts Financial Services Co. MA boosted its position 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 purchasing an additional 122,815 shares in the last quarter. Capital CS Group LLC acquired a new stake in shares of Antero Resources during the 4th quarter worth approximately $615,000. Finally, Franklin Resources Inc. grew its stake in shares of Antero Resources by 40.6% during the 3rd quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock worth $21,209,000 after purchasing an additional 218,517 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Performance

AR opened at $36.99 on Thursday. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $41.53. The firm has a market capitalization of $11.51 billion, a PE ratio of 115.60 and a beta of 3.33. 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 firm’s 50-day moving average price is $37.54 and its 200 day moving average price is $31.87.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping 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%. As a group, sell-side analysts expect that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AR shares. The Goldman Sachs Group increased their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. StockNews.com upgraded Antero Resources to a “sell” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Finally, Truist Financial raised their price objective on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and an average target price of $39.44.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were 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. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 6.70% of the stock is currently owned by company insiders.

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.