Janney Montgomery Scott LLC Purchases Shares of 21,356 Antero Resources Co. (NYSE:AR)

Janney Montgomery Scott LLC purchased a new stake in Antero Resources Co. (NYSE:ARGet Rating) during the 3rd quarter, Holdings Channel reports. The firm purchased 21,356 shares of the oil and natural gas company’s stock, valued at approximately $652,000.

Several other large investors also recently made changes to their positions in AR. PointState Capital LP acquired a new stake in shares of Antero Resources in the first quarter valued at approximately $126,793,000. Goldman Sachs Group Inc. increased its stake in shares of Antero Resources by 66.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company’s stock valued at $193,043,000 after purchasing an additional 2,517,137 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Antero Resources by 126.5% in the second quarter. Assenagon Asset Management S.A. now owns 3,304,426 shares of the oil and natural gas company’s stock valued at $101,281,000 after purchasing an additional 1,845,312 shares during the period. Renaissance Technologies LLC increased its stake in shares of Antero Resources by 266.7% in the first quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and natural gas company’s stock valued at $74,808,000 after purchasing an additional 1,782,100 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in shares of Antero Resources by 494.3% during the second quarter. Eagle Asset Management Inc. now owns 1,918,142 shares of the oil and natural gas company’s stock valued at $58,791,000 after acquiring an additional 1,595,408 shares during the period. Institutional investors and hedge funds own 77.78% of the company’s stock.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $35.48, for a total value of $97,570.00. Following the completion of the transaction, the insider now owns 91,266 shares of the company’s stock, valued at approximately $3,238,117.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Antero Resources news, Director W Howard Keenan, Jr. sold 220,245 shares of the stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $31.16, for a total value of $6,862,834.20. Following the completion of the sale, the director now owns 4,779,755 shares in the company, valued at approximately $148,937,165.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sheri Pearce sold 2,750 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $35.48, for a total transaction of $97,570.00. Following the completion of the sale, the insider now owns 91,266 shares of the company’s stock, valued at approximately $3,238,117.68. The disclosure for this sale can be found here. Company insiders own 5.72% of the company’s stock.

Antero Resources Trading Up 1.0 %

Antero Resources stock opened at $29.40 on Friday. The company has a 50 day moving average price of $32.68 and a 200 day moving average price of $35.13. Antero Resources Co. has a 52 week low of $15.98 and a 52 week high of $48.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.38 and a current ratio of 0.38. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 4.77 and a beta of 3.50.

Antero Resources (NYSE:ARGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The oil and natural gas company reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.25). Antero Resources had a return on equity of 26.13% and a net margin of 27.79%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.98 billion. Research analysts forecast that Antero Resources Co. will post 5.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. StockNews.com assumed coverage on shares of Antero Resources in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Tudor Pickering lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 30th. Truist Financial lowered their price objective on shares of Antero Resources from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Tudor, Pickering, Holt & Co. lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 30th. Finally, TD Securities lowered their price objective on shares of Antero Resources from $56.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 27th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.40.

About Antero Resources

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Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale.

Further Reading

Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Co. (NYSE:ARGet Rating).

Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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