Concentric Capital Strategies LP Makes New Investment in Antero Resources Co. (NYSE:AR)

Concentric Capital Strategies LP purchased a new stake in shares of Antero Resources Co. (NYSE:AR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 161,649 shares of the oil and natural gas company’s stock, valued at approximately $4,631,000. Concentric Capital Strategies LP owned 0.05% of Antero Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. UMB Bank n.a. increased its stake in Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after buying an additional 686 shares during the period. True Wealth Design LLC acquired a new position in shares of Antero Resources during the third quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in Antero Resources during the third quarter worth approximately $45,000. Mattson Financial Services LLC acquired a new stake in Antero Resources in the second quarter worth approximately $64,000. Finally, GAMMA Investing LLC boosted its stake in Antero Resources by 27.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 655 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AR has been the subject of several research reports. Roth Capital raised Antero Resources to a “strong-buy” rating in a research note on Tuesday, August 27th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Friday, November 1st. BMO Capital Markets increased their target price on shares of Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Scotiabank upgraded Antero Resources from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. reduced their target price on Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

Antero Resources Stock Performance

Shares of AR stock opened at $32.69 on Monday. Antero Resources Co. has a fifty-two week low of $20.10 and a fifty-two week high of $36.28. The stock’s 50-day moving average is $29.27 and its two-hundred day moving average is $29.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $10.17 billion, a P/E ratio of 233.50 and a beta of 3.36.

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.