Massachusetts Financial Services Co. MA Purchases 75,102 Shares of Antero Resources Corporation $AR

Massachusetts Financial Services Co. MA boosted its position in shares of Antero Resources Corporation (NYSE:AR) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,888,545 shares of the oil and natural gas company’s stock after acquiring an additional 75,102 shares during the period. Massachusetts Financial Services Co. MA owned 0.61% of Antero Resources worth $63,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Huntington National Bank lifted its position in shares of Antero Resources by 91.3% during the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after purchasing an additional 313 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in Antero Resources by 114.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock worth $38,000 after buying an additional 500 shares during the period. FNY Investment Advisers LLC lifted its holdings in shares of Antero Resources by 9,900.0% during the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock worth $60,000 after buying an additional 1,485 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Antero Resources by 701.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after buying an additional 2,616 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in shares of Antero Resources in the third quarter valued at approximately $136,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research report on Thursday, January 15th. Wells Fargo & Company boosted their price objective on shares of Antero Resources from $39.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Morgan Stanley increased their target price on shares of Antero Resources from $44.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, December 9th. Wall Street Zen lowered Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, Zacks Research upgraded Antero Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.63.

Insiders Place Their Bets

In other news, insider Brendan E. Krueger acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $33.35 per share, with a total value of $166,750.00. Following the completion of the acquisition, the insider owned 295,917 shares in the company, valued at approximately $9,868,831.95. This represents a 1.72% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Antero Resources Stock Performance

Antero Resources stock opened at $34.23 on Thursday. The firm has a market capitalization of $10.56 billion, a P/E ratio of 18.21 and a beta of 0.50. The stock has a fifty day moving average price of $34.25 and a two-hundred day moving average price of $33.42. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $44.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.38). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.25 billion. Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. As a group, analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.