Cowa LLC Takes Position in Antero Resources Co. (NYSE:AR)

Cowa LLC purchased a new stake in shares of Antero Resources Co. (NYSE:AR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,000 shares of the oil and natural gas company’s stock, valued at approximately $210,000.

A number of other institutional investors have also recently made changes to their positions in AR. Pinnacle Bancorp Inc. bought a new stake in shares of Antero Resources during the 4th quarter valued at $28,000. True Wealth Design LLC purchased a new position in shares of Antero Resources during the 3rd quarter worth about $30,000. Spire Wealth Management purchased a new position in shares of Antero Resources during the 4th quarter worth about $31,000. Capital Performance Advisors LLP bought a new stake in Antero Resources during the 3rd quarter valued at about $45,000. Finally, Wilmington Savings Fund Society FSB lifted its holdings in Antero Resources by 205.2% during the 4th 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 buying an additional 913 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

NYSE:AR opened at $38.18 on Friday. The business’s 50-day moving average price is $37.17 and its 200 day moving average price is $31.59. The firm has a market cap of $11.88 billion, a P/E ratio of 119.30 and a beta of 3.33. Antero Resources Co. has a 52-week low of $24.43 and a 52-week 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 quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, sell-side analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on AR. UBS Group boosted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Truist Financial upped their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Mizuho upped their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Citigroup increased their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group raised their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.44.

Insider Buying and Selling

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the sale, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.70% of the company’s stock.

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.