Antero Resources Co. (NYSE:AR) Position Boosted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its stake in shares of Antero Resources Co. (NYSE:AR) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,664,628 shares of the oil and natural gas company’s stock after purchasing an additional 122,815 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.86% of Antero Resources worth $76,342,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. grew its position in Antero Resources by 10.4% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock worth $125,452,000 after acquiring an additional 411,549 shares in the last quarter. Merewether Investment Management LP boosted its holdings in Antero Resources by 4.6% in the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock worth $96,061,000 after purchasing an additional 128,200 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Antero Resources by 36.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock worth $50,060,000 after buying an additional 464,970 shares during the last quarter. Natixis Advisors LLC raised its holdings in Antero Resources by 6.2% during the third quarter. Natixis Advisors LLC now owns 1,516,963 shares of the oil and natural gas company’s stock valued at $43,461,000 after buying an additional 88,099 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of Antero Resources by 52.0% in the second quarter. William Blair Investment Management LLC now owns 1,325,865 shares of the oil and natural gas company’s stock worth $43,263,000 after buying an additional 453,854 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $33.11 on Monday. 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 quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 236.50 and a beta of 3.36. The firm has a fifty day moving average of $28.68 and a two-hundred day moving average of $29.99.

Analysts Set New Price Targets

AR has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Antero Resources from $25.00 to $24.00 and set an “underweight” rating for the company in a report on Friday, October 18th. Barclays cut their price objective on shares of 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. The Goldman Sachs Group decreased their target price on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Citigroup started coverage on Antero Resources in a report on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price target for the company. Finally, Bank of America began coverage on Antero Resources in a research report on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus price target of $33.50.

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.