Norden Group LLC Acquires Shares of 7,471 Antero Resources Co. (NYSE:AR)

Norden Group LLC acquired a new position in Antero Resources Co. (NYSE:AR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 7,471 shares of the oil and natural gas company’s stock, valued at approximately $262,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new position in Antero Resources in the fourth quarter worth about $28,000. Spire Wealth Management bought a new stake in Antero Resources in the 4th quarter valued at about $31,000. True Wealth Design LLC bought a new position in Antero Resources in the 3rd quarter worth about $30,000. Wilmington Savings Fund Society FSB increased its stake in shares of Antero Resources by 205.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock valued at $48,000 after purchasing an additional 913 shares during the period. Finally, UMB Bank n.a. raised its stake 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 acquiring an additional 523 shares in the last quarter. 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. Citigroup raised their price target on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $24.00 to $32.00 in a research note on Tuesday, December 17th. The Goldman Sachs Group boosted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Barclays increased their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, UBS Group boosted their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.44.

Insider Buying and Selling

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction 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 owns 1,800,000 shares in the company, valued at $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.70% of the company’s stock.

Antero Resources Trading Up 1.2 %

Shares of NYSE AR opened at $36.57 on Wednesday. The business has a fifty day simple moving average of $37.83 and a 200-day simple moving average of $32.09. The company has a market cap of $11.38 billion, a price-to-earnings ratio of 114.28 and a beta of 3.33. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $41.53. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

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 year.

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.