Janney Montgomery Scott LLC Has $928,000 Stock Position in Antero Resources Co. (NYSE:AR)

Janney Montgomery Scott LLC boosted its holdings in shares of Antero Resources Co. (NYSE:AR) by 83.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,467 shares of the oil and natural gas company’s stock after purchasing an additional 12,062 shares during the period. Janney Montgomery Scott LLC’s holdings in Antero Resources were worth $928,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AR. Viking Fund Management LLC lifted its position in shares of Antero Resources by 40.0% during the 4th quarter. Viking Fund Management LLC now owns 140,000 shares of the oil and natural gas company’s stock worth $4,907,000 after buying an additional 40,000 shares during the last quarter. Atomi Financial Group Inc. grew its position in Antero Resources by 6.4% in the fourth quarter. Atomi Financial Group Inc. now owns 9,261 shares of the oil and natural gas company’s stock valued at $325,000 after acquiring an additional 559 shares during the last quarter. Ballentine Partners LLC acquired a new position in Antero Resources during the fourth quarter worth about $205,000. UMB Bank n.a. lifted its holdings in shares of Antero Resources by 59.6% in the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock worth $49,000 after acquiring an additional 523 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new stake in shares of Antero Resources in the 4th quarter valued at approximately $203,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AR shares. Truist Financial increased their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. StockNews.com raised Antero Resources to a “sell” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. upped their target price on Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Benchmark reissued a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Finally, Bank of America assumed coverage on Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Antero Resources Price Performance

AR stock opened at $39.53 on Thursday. 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 firm has a market cap of $12.30 billion, a price-to-earnings ratio of 282.32 and a beta of 3.33. The company’s fifty day simple moving average is $35.39 and its 200 day simple moving average is $30.73. Antero Resources Co. has a 12-month low of $20.56 and a 12-month high of $41.53.

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.