Lindbrook Capital LLC Buys 664 Shares of Antero Resources Co. (NYSE:AR)

Lindbrook Capital LLC lifted its stake in Antero Resources Co. (NYSE:AR) by 81.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,479 shares of the oil and natural gas company’s stock after acquiring an additional 664 shares during the period. Lindbrook Capital LLC’s holdings in Antero Resources were worth $34,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Planned Solutions Inc. purchased a new stake in shares of Antero Resources in the fourth quarter worth $45,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Antero Resources in the third quarter worth $47,000. CWM LLC raised its position in shares of 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 worth $76,000 after buying an additional 757 shares in the last quarter. Payden & Rygel Investment Group purchased a new stake in shares of Antero Resources in the third quarter worth $99,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Antero Resources in the third quarter worth $115,000. 83.04% of the stock is owned by institutional investors.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 206,978 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Antero Resources news, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the transaction, the director now owns 3,000,000 shares in the company, valued at approximately $77,550,000. The disclosure for this sale can be found here. Insiders have sold a total of 467,280 shares of company stock worth $12,153,605 in the last 90 days. Company insiders own 5.95% of the company’s stock.

Antero Resources Stock Up 1.2 %

NYSE AR opened at $33.80 on Friday. Antero Resources Co. has a 1 year low of $19.91 and a 1 year high of $34.24. The stock has a market capitalization of $10.26 billion, a PE ratio of 169.00 and a beta of 3.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The business’s 50-day moving average is $27.65 and its 200 day moving average is $25.44.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Thursday, April 25th. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The firm’s revenue for the quarter was down 20.3% on a year-over-year basis. Sell-side analysts forecast that Antero Resources Co. will post 0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AR shares. Truist Financial lowered their price target on Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. Wells Fargo & Company raised their price target on Antero Resources from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. StockNews.com upgraded Antero Resources to a “sell” rating in a research report on Friday. Raymond James raised their price target on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. raised their price target on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.69.

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.