D.A. Davidson & CO. Purchases Shares of 47,885 Antero Resources Co. (NYSE:AR)

D.A. Davidson & CO. acquired a new stake in Antero Resources Co. (NYSE:AR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,885 shares of the oil and natural gas company’s stock, valued at approximately $1,372,000.

Several other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in Antero Resources by 6.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 151,281 shares of the oil and natural gas company’s stock worth $4,388,000 after buying an additional 8,877 shares during the period. Cetera Advisors LLC acquired a new stake in shares of Antero Resources in the first quarter worth $247,000. Confluence Investment Management LLC increased its stake in shares of Antero Resources by 3.4% in the second quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock worth $604,000 after acquiring an additional 616 shares during the period. GAMMA Investing LLC raised its holdings in shares of Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 655 shares during the last quarter. Finally, Lesa Sroufe & Co acquired a new position in Antero Resources during the second quarter valued at $221,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Mizuho reduced their price objective on Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Roth Mkm assumed coverage on Antero Resources in a research report on Tuesday, August 27th. They set a “buy” rating and a $32.00 price target for the company. Raymond James upped their price objective on Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. Barclays decreased their target price on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group dropped their price target on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.50.

Antero Resources Stock Up 0.6 %

Shares of AR opened at $32.69 on Friday. The stock has a 50 day moving average price of $29.27 and a 200 day moving average price of $30.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 233.50 and a beta of 3.36. Antero Resources Co. has a one year low of $20.10 and a one year high of $36.28.

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.