TD Waterhouse Canada Inc. Purchases 1,216 Shares of Antero Resources Co. (NYSE:AR)

TD Waterhouse Canada Inc. grew its holdings in shares of Antero Resources Co. (NYSE:AR) by 75.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,836 shares of the oil and natural gas company’s stock after buying an additional 1,216 shares during the period. TD Waterhouse Canada Inc.’s holdings in Antero Resources were worth $99,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new stake in Antero Resources in the fourth quarter worth about $28,000. Spire Wealth Management bought a new stake in shares of Antero Resources in the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB grew its stake in shares of Antero Resources by 205.2% in 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 last quarter. UMB Bank n.a. increased its position 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 valued at $49,000 after buying an additional 523 shares in the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in Antero Resources during the fourth quarter valued at $56,000. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Trading Up 2.3 %

Antero Resources stock opened at $35.33 on Monday. The business has a 50-day simple moving average of $36.63 and a two-hundred day simple moving average of $34.61. Antero Resources Co. has a 52-week low of $24.53 and a 52-week 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 company has a market cap of $10.99 billion, a P/E ratio of 110.41 and a beta of 3.08.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share 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%. Analysts predict that Antero Resources Co. will post 2.74 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AR. Barclays raised their price target on Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Truist Financial raised their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. upped their target price on shares of Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Wells Fargo & Company increased their price target on shares of Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, March 19th. Finally, TD Cowen upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $46.00 in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.44.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’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 sale, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.70% of the stock is owned by insiders.

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.