Ieq Capital LLC Buys 21,732 Shares of Antero Resources Co. (NYSE:AR)

Ieq Capital LLC grew its stake in Antero Resources Co. (NYSE:AR) by 159.3% during the fourth quarter, HoldingsChannel reports. The fund owned 35,377 shares of the oil and natural gas company’s stock after acquiring an additional 21,732 shares during the quarter. Ieq Capital LLC’s holdings in Antero Resources were worth $1,240,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AR. Pinnacle Bancorp Inc. purchased a new stake in Antero Resources in the fourth quarter valued at about $28,000. True Wealth Design LLC purchased a new position in shares of Antero Resources in the third quarter worth $30,000. Spire Wealth Management purchased a new stake in shares of Antero Resources during the fourth quarter valued at $31,000. Capital Performance Advisors LLP acquired a new stake in Antero Resources during the 3rd quarter worth about $45,000. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Antero Resources by 205.2% in 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 purchasing an additional 913 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Trading Down 0.7 %

NYSE:AR opened at $37.88 on Tuesday. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $41.53. The firm has a market cap of $11.79 billion, a PE ratio of 118.36 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 stock has a fifty day moving average price of $37.30 and a 200 day moving average price of $31.76.

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

Insider Activity

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the sale, the director now owns 1,800,000 shares in the company, valued at $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on AR shares. Raymond James raised 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. Mizuho upped their price target on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. UBS Group lifted their price objective 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 raised Antero Resources from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. Finally, Bank of America began coverage on Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective for the company. One research 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.44.

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.