Spire Wealth Management Takes $31,000 Position in Antero Resources Co. (NYSE:AR)

Spire Wealth Management purchased a new position in Antero Resources Co. (NYSE:AR) during the fourth quarter, HoldingsChannel reports. The firm purchased 898 shares of the oil and natural gas company’s stock, valued at approximately $31,000.

Several other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after acquiring an additional 686 shares during the period. Pinnacle Bancorp Inc. bought a new stake in Antero Resources in the 4th quarter worth approximately $28,000. True Wealth Design LLC purchased a new stake in Antero Resources during the 3rd quarter valued at $30,000. Capital Performance Advisors LLP bought a new position in shares of Antero Resources during the 3rd quarter valued at $45,000. Finally, GAMMA Investing LLC boosted its stake in shares of Antero Resources by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock worth $107,000 after buying an additional 418 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

Shares of NYSE AR opened at $37.88 on Monday. The firm’s fifty day moving average is $35.61 and its two-hundred day moving average is $30.84. Antero Resources Co. has a 52-week low of $20.56 and a 52-week high of $41.53. The company has a market cap of $11.79 billion, a P/E ratio of 270.54 and a beta of 3.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28.

Analysts Set New Price Targets

A number of research analysts have weighed in on AR shares. Citigroup increased their target price on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. Truist Financial lifted their price target on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. The Goldman Sachs Group upped their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Raymond James upped their price target on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Antero Resources has an average rating of “Moderate Buy” and an average target price of $39.00.

About Antero Resources

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.