Union Bancaire Privee UBP SA Takes $876,000 Position in Antero Resources Co. (NYSE:AR)

Union Bancaire Privee UBP SA bought a new stake in shares of Antero Resources Co. (NYSE:AR) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 26,908 shares of the oil and natural gas company’s stock, valued at approximately $876,000.

Other large investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. purchased a new position in Antero Resources during the 4th quarter valued at $28,000. Spire Wealth Management purchased a new position in Antero Resources during the 4th quarter valued at $31,000. True Wealth Design LLC purchased a new position in Antero Resources during the 3rd quarter valued at $30,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after buying an additional 913 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Antero Resources by 59.6% in the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock worth $49,000 after buying an additional 523 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Down 0.7 %

Shares of NYSE:AR opened at $37.88 on Tuesday. The business’s 50-day moving average is $37.30 and its 200 day moving average is $31.76. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $41.53. The firm has a market capitalization of $11.79 billion, a P/E ratio of 118.36 and a beta of 3.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. On average, research analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on AR. StockNews.com upgraded Antero Resources to a “sell” rating in a report on Thursday, February 13th. Raymond James upped their target price on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. UBS Group upped their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Benchmark reiterated a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. Finally, Truist Financial upped their target price on Antero Resources from $28.00 to $38.00 and gave the stock 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 has an average rating of “Moderate Buy” and a consensus target price of $39.44.

Insider Activity at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the 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 transaction, the director now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. 6.70% of the stock is currently owned by corporate 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.