Cetera Trust Company N.A Makes New Investment in Antero Resources Co. (NYSE:AR)

Cetera Trust Company N.A acquired a new position in Antero Resources Co. (NYSE:AR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,705 shares of the oil and natural gas company’s stock, valued at approximately $107,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in Antero Resources by 33.9% in the third quarter. CWM LLC now owns 2,990 shares of the oil and natural gas company’s stock valued at $76,000 after buying an additional 757 shares during the last quarter. Oak Thistle LLC bought a new stake in Antero Resources in the third quarter valued at $1,062,000. Commonwealth Equity Services LLC lifted its stake in Antero Resources by 49.5% in the third quarter. Commonwealth Equity Services LLC now owns 81,591 shares of the oil and natural gas company’s stock valued at $2,071,000 after buying an additional 27,005 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Antero Resources by 166.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 46,651 shares of the oil and natural gas company’s stock valued at $1,184,000 after buying an additional 29,172 shares during the last quarter. Finally, Independent Advisor Alliance bought a new stake in Antero Resources in the third quarter valued at $246,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Price Performance

NYSE:AR opened at $30.38 on Tuesday. The business’s 50-day moving average price is $27.05 and its 200 day moving average price is $25.30. The firm has a market cap of $9.22 billion, a P/E ratio of 39.45 and a beta of 3.30. Antero Resources Co. has a 52-week low of $19.91 and a 52-week high of $30.90. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. As a group, sell-side analysts predict that Antero Resources Co. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the transaction, the insider now owns 106,698 shares of the company’s stock, valued at approximately $2,805,090.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the transaction, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 467,280 shares of company stock valued at $12,153,605. 5.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AR shares. Morgan Stanley upgraded Antero Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $26.00 to $36.00 in a research note on Wednesday, April 17th. Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday, January 17th. Scotiabank lifted their price objective on shares of Antero Resources from $26.00 to $36.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Benchmark cut shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Barclays assumed coverage on shares of Antero Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Antero Resources has a consensus rating of “Hold” and a consensus price target of $30.69.

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.