Ballentine Partners LLC Acquires New Shares in Antero Resources Co. (NYSE:AR)

Ballentine Partners LLC acquired a new position in shares of Antero Resources Co. (NYSE:AR) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,863 shares of the oil and natural gas company’s stock, valued at approximately $205,000.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of 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 buying an additional 686 shares during the period. Pinnacle Bancorp Inc. acquired a new position in Antero Resources during the 4th quarter worth $28,000. True Wealth Design LLC bought a new position in shares of Antero Resources in the third quarter worth $30,000. Capital Performance Advisors LLP acquired a new position in shares of Antero Resources during the third quarter valued at $45,000. Finally, Mattson Financial Services LLC bought a new stake in shares of Antero Resources during the second quarter valued at about $64,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Trading Down 1.0 %

Antero Resources stock opened at $40.14 on Friday. Antero Resources Co. has a 12 month low of $20.56 and a 12 month high of $41.53. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock has a market cap of $12.49 billion, a P/E ratio of 286.69 and a beta of 3.37. The company’s fifty day simple moving average is $34.59 and its 200-day simple moving average is $30.36.

Wall Street Analyst Weigh In

Several equities analysts have commented on AR shares. BMO Capital Markets raised 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. Barclays dropped their target price on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. UBS Group increased their price target on Antero Resources from $35.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Bank of America began coverage on Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective on the stock. Finally, Raymond James raised their target price on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and a consensus price target of $38.63.

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.