Transcendent Capital Group LLC Takes Position in Antero Resources Co. (NYSE:AR)

Transcendent Capital Group LLC bought a new position in shares of Antero Resources Co. (NYSE:AR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,600 shares of the oil and natural gas company’s stock, valued at approximately $56,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AR. Union Bancaire Privee UBP SA purchased a new position in shares of Antero Resources during the 4th quarter worth $876,000. JBR Co Financial Management Inc boosted its stake in shares of Antero Resources by 5.1% in the fourth quarter. JBR Co Financial Management Inc now owns 11,376 shares of the oil and natural gas company’s stock valued at $399,000 after purchasing an additional 556 shares during the period. Cowa LLC acquired a new position in shares of Antero Resources in the fourth quarter worth $210,000. Oxbow Advisors LLC purchased a new stake in shares of Antero Resources during the fourth quarter worth approximately $4,067,000. Finally, Ieq Capital LLC raised its holdings in shares of Antero Resources by 159.3% in the 4th quarter. Ieq Capital LLC now owns 35,377 shares of the oil and natural gas company’s stock valued at $1,240,000 after purchasing an additional 21,732 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of research analyst reports. Bank of America began coverage on Antero Resources in a research report on Monday, October 28th. They set a “buy” rating and a $36.00 target price on the stock. Truist Financial boosted their target price on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and an average price target of $39.44.

Antero Resources Price Performance

Shares of AR opened at $37.88 on Tuesday. The stock has a 50 day simple moving average of $37.30 and a 200 day simple moving average of $31.76. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $41.53. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $11.79 billion, a PE ratio of 118.36 and a beta of 3.33.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping 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 predict that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 of the company’s stock, valued at approximately $71,568,000. This represents a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.70% of the stock is currently owned by corporate insiders.

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.