Pinnbrook Capital Management LP Takes Position in Antero Resources Co. (NYSE:AR)

Pinnbrook Capital Management LP purchased a new stake in Antero Resources Co. (NYSE:AR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,773 shares of the oil and natural gas company’s stock, valued at approximately $1,008,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AR. CWM LLC increased its stake in Antero Resources by 26.1% during the 3rd quarter. CWM LLC now owns 11,575 shares of the oil and natural gas company’s stock worth $332,000 after acquiring an additional 2,398 shares during the period. Creative Planning increased its position in shares of Antero Resources by 8.6% in the third quarter. Creative Planning now owns 22,869 shares of the oil and natural gas company’s stock worth $655,000 after purchasing an additional 1,813 shares during the period. Blue Trust Inc. raised its stake in Antero Resources by 741.2% in the third quarter. Blue Trust Inc. now owns 4,795 shares of the oil and natural gas company’s stock valued at $137,000 after purchasing an additional 4,225 shares in the last quarter. Raymond James & Associates lifted its position in Antero Resources by 14.1% during the third quarter. Raymond James & Associates now owns 477,023 shares of the oil and natural gas company’s stock worth $13,667,000 after purchasing an additional 58,806 shares during the period. Finally, U S Global Investors Inc. acquired a new stake in Antero Resources during the third quarter worth about $430,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Down 0.8 %

NYSE AR opened at $39.84 on Tuesday. The firm has a market capitalization of $12.40 billion, a PE ratio of 284.57 and a beta of 3.33. The business’s 50-day moving average price is $36.61 and its two-hundred day moving average price is $31.29. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources Co. has a 12 month low of $22.01 and a 12 month high of $41.53.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 1.03% and a negative return on equity of 0.59%. On average, analysts expect that Antero Resources Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on AR. Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Mizuho upped their target price on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. UBS Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Truist Financial upped their price objective on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group lifted their target price on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.44.

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.