Dynamic Technology Lab Private Ltd Takes $1.72 Million Position in Antero Resources Corporation $AR

Dynamic Technology Lab Private Ltd bought a new position in Antero Resources Corporation (NYSE:AR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 42,761 shares of the oil and natural gas company’s stock, valued at approximately $1,722,000.

Other hedge funds have also added to or reduced their stakes in the company. Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of Antero Resources during the 1st quarter valued at about $6,761,000. PNC Financial Services Group Inc. boosted its holdings in shares of Antero Resources by 14.3% in the first quarter. PNC Financial Services Group Inc. now owns 11,670 shares of the oil and natural gas company’s stock worth $472,000 after buying an additional 1,461 shares during the last quarter. Voya Investment Management LLC grew its position in Antero Resources by 22.8% during the first quarter. Voya Investment Management LLC now owns 184,972 shares of the oil and natural gas company’s stock valued at $7,480,000 after buying an additional 34,311 shares during the period. Jefferies Financial Group Inc. increased its holdings in Antero Resources by 41.6% during the first quarter. Jefferies Financial Group Inc. now owns 1,787,785 shares of the oil and natural gas company’s stock valued at $72,298,000 after buying an additional 525,180 shares during the last quarter. Finally, Engine NO. 1 LLC purchased a new position in shares of Antero Resources during the 1st quarter worth $5,581,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AR shares. Roth Capital lowered Antero Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $44.00 to $32.00 in a research note on Monday, August 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Antero Resources in a research note on Thursday, November 13th. Scotiabank restated an “outperform” rating on shares of Antero Resources in a research note on Wednesday, August 13th. Citigroup upgraded shares of Antero Resources from a “neutral” rating to a “buy” rating and upped their price target for the stock from $37.00 to $39.00 in a research report on Tuesday, September 23rd. Finally, Barclays decreased their price objective on shares of Antero Resources from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.00.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Brendan E. Krueger acquired 5,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of $33.35 per share, for a total transaction of $166,750.00. Following the purchase, the insider owned 295,917 shares in the company, valued at approximately $9,868,831.95. The trade was a 1.72% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.30% of the stock is owned by company insiders.

Antero Resources Price Performance

Shares of AR stock opened at $35.11 on Thursday. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $44.01. The stock’s 50-day moving average is $32.98 and its 200 day moving average is $35.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market cap of $10.83 billion, a P/E ratio of 18.67 and a beta of 0.62.

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.