Polymer Capital Management US LLC Takes Position in Antero Resources Co. (NYSE:AR)

Polymer Capital Management US LLC acquired a new stake in shares of Antero Resources Co. (NYSE:AR) during the fourth quarter, HoldingsChannel reports. The fund acquired 7,073 shares of the oil and natural gas company’s stock, valued at approximately $248,000.

Several other institutional investors also recently bought and sold shares of AR. Annandale Capital LLC boosted its position in Antero Resources by 116.8% during the fourth quarter. Annandale Capital LLC now owns 89,854 shares of the oil and natural gas company’s stock valued at $3,149,000 after purchasing an additional 48,400 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Antero Resources by 7.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,851,355 shares of the oil and natural gas company’s stock valued at $99,940,000 after buying an additional 186,727 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Antero Resources by 34.7% in the 4th quarter. Franklin Resources Inc. now owns 1,018,544 shares of the oil and natural gas company’s stock valued at $35,700,000 after buying an additional 262,416 shares in the last quarter. Colrain Capital LLC purchased a new position in shares of Antero Resources in the 4th quarter worth approximately $4,670,000. Finally, Summit Financial LLC bought a new position in shares of Antero Resources during the 4th quarter worth approximately $526,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on AR shares. Barclays lifted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. The Goldman Sachs Group increased their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. UBS Group boosted their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company increased their price objective on shares of Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.24.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.70% of the stock is owned by corporate insiders.

Antero Resources Stock Up 1.7 %

NYSE:AR opened at $34.03 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The company’s fifty day moving average price is $38.30 and its 200-day moving average price is $34.12. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $42.63. The firm has a market capitalization of $10.59 billion, a P/E ratio of 106.35 and a beta of 3.08.

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

Antero Resources Company 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.