Atomi Financial Group Inc. Purchases 559 Shares of Antero Resources Co. (NYSE:AR)

Atomi Financial Group Inc. increased its position in Antero Resources Co. (NYSE:AR) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,261 shares of the oil and natural gas company’s stock after buying an additional 559 shares during the quarter. Atomi Financial Group Inc.’s holdings in Antero Resources were worth $325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in Antero Resources by 357.3% in the 3rd 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. Pinnacle Bancorp Inc. bought a new stake in shares of Antero Resources during the fourth quarter valued at approximately $28,000. True Wealth Design LLC bought a new stake 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 in the third quarter worth $45,000. Finally, Mattson Financial Services LLC bought a new stake in Antero Resources in the second quarter worth $64,000. Institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. UBS Group upped their price objective on Antero Resources from $35.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. upped their price target on Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Raymond James upped their price target on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Finally, Barclays reduced their price target on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.63.

Antero Resources Stock Performance

NYSE AR opened at $40.14 on Friday. The stock has a market capitalization of $12.49 billion, a PE ratio of 286.69 and a beta of 3.37. 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 business has a 50 day simple moving average of $34.59 and a two-hundred day simple moving average of $30.36. Antero Resources Co. has a 1-year low of $20.56 and a 1-year high of $41.53.

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.