Barnett & Company Inc. Buys New Shares in Antero Resources Co. (NYSE:AR)

Barnett & Company Inc. purchased a new position in shares of Antero Resources Co. (NYSE:AR) during the 3rd quarter, Holdings Channel reports. The fund purchased 17,800 shares of the oil and natural gas company’s stock, valued at approximately $510,000.

Other large investors also recently modified their holdings of the company. Chickasaw Capital Management LLC increased its position in Antero Resources by 5.5% during the third quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock worth $273,000 after buying an additional 500 shares during the last quarter. Confluence Investment Management LLC increased its holdings in shares of Antero Resources by 3.4% during the 2nd quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock worth $604,000 after acquiring an additional 616 shares during the last quarter. GAMMA Investing LLC raised its stake in Antero Resources by 27.8% in 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 acquiring an additional 655 shares during the period. Wedmont Private Capital lifted its holdings in Antero Resources by 4.2% during the 3rd quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company’s stock valued at $505,000 after purchasing an additional 681 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after purchasing an additional 686 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Citigroup assumed coverage on shares of Antero Resources in a report on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price target on the stock. StockNews.com raised Antero Resources to a “sell” rating in a report on Friday, November 1st. Wells Fargo & Company reduced their price target on Antero Resources from $25.00 to $24.00 and set an “underweight” rating for the company in a research note on Friday, October 18th. Barclays lowered their price objective on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group decreased their price target on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and an average price target of $32.83.

Antero Resources Stock Performance

NYSE:AR traded down $0.19 on Tuesday, reaching $31.48. 835,740 shares of the company’s stock were exchanged, compared to its average volume of 4,095,906. The stock has a fifty day simple moving average of $27.57 and a 200-day simple moving average of $30.11. Antero Resources Co. has a 52 week low of $20.10 and a 52 week high of $36.28. 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 $9.80 billion, a price-to-earnings ratio of 224.93 and a beta of 3.36.

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.