U S Global Investors Inc. Invests $430,000 in Antero Resources Co. (NYSE:AR)

U S Global Investors Inc. bought a new position in Antero Resources Co. (NYSE:AR) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 15,000 shares of the oil and natural gas company’s stock, valued at approximately $430,000.

A number of other large investors have also recently made changes to their positions in AR. UMB Bank n.a. increased its holdings in shares of Antero Resources by 357.3% in the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after buying an additional 686 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Antero Resources by 1,311.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after buying an additional 892 shares during the period. Mather Group LLC. purchased a new stake in Antero Resources in the 1st quarter valued at about $37,000. Mattson Financial Services LLC purchased a new stake in Antero Resources in the 2nd quarter valued at about $64,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Antero Resources by 11.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after buying an additional 343 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Price Performance

Shares of NYSE AR traded up $0.07 during midday trading on Tuesday, hitting $26.94. The stock had a trading volume of 87,026 shares, compared to its average volume of 4,083,880. The company has a market capitalization of $8.37 billion, a PE ratio of 134.28 and a beta of 3.33. The stock has a 50 day simple moving average of $27.50 and a 200-day simple moving average of $30.37. Antero Resources Co. has a 1 year low of $20.10 and a 1 year high of $36.28. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The company had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. On average, sell-side analysts expect that Antero Resources Co. will post -0.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20th. BMO Capital Markets upped their price target on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Jefferies Financial Group upped their price target on shares of Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Wells Fargo & Company reduced their price objective on shares of Antero Resources from $25.00 to $24.00 and set an “underweight” rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and an average price target of $32.76.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 50,000 shares of Antero Resources stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the transaction, the insider now owns 248,363 shares in the company, valued at approximately $6,268,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.70% of the stock is currently owned by company insiders.

About Antero Resources

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.