Lloyd Harbor Capital Management LLC Makes New Investment in Antero Resources Co. (NYSE:AR)

Lloyd Harbor Capital Management LLC purchased a new position in Antero Resources Co. (NYSE:AR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 220,000 shares of the oil and natural gas company’s stock, valued at approximately $7,711,000. Antero Resources makes up 5.0% of Lloyd Harbor Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Lloyd Harbor Capital Management LLC owned about 0.07% of Antero Resources as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new stake in Antero Resources in the fourth quarter worth about $28,000. Spire Wealth Management acquired a new stake in Antero Resources during the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB raised its holdings in Antero Resources by 205.2% during 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. UMB Bank n.a. raised its holdings in Antero Resources by 59.6% during 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. Finally, Transcendent Capital Group LLC acquired a new stake in Antero Resources during the 4th quarter worth about $56,000. 83.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction that occurred on 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 completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Antero Resources Trading Up 3.5%

Shares of AR stock opened at $38.69 on Monday. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $42.63. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $36.34 and its two-hundred day moving average is $35.22. The company has a market cap of $12.01 billion, a PE ratio of 120.91 and a beta of 0.66.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. Equities analysts predict that Antero Resources Co. will post 2.74 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on AR. StockNews.com upgraded Antero Resources to a “sell” rating in a report on Thursday, February 13th. The Goldman Sachs Group lifted their target price on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Williams Trading set a $48.00 target price on Antero Resources in a research note on Wednesday, March 5th. TD Cowen raised Antero Resources from a “hold” rating to a “buy” rating and lifted their target price for the company from $40.00 to $46.00 in a research note on Tuesday, April 8th. Finally, Barclays lifted their target price on Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Antero Resources has an average rating of “Moderate Buy” and a consensus target price of $42.39.

Antero Resources 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.