Confluence Investment Management LLC Grows Position in Antero Resources Co. (NYSE:AR)

Confluence Investment Management LLC raised its holdings in shares of Antero Resources Co. (NYSE:AR) by 7.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 19,939 shares of the oil and natural gas company’s stock after purchasing an additional 1,440 shares during the period. Confluence Investment Management LLC’s holdings in Antero Resources were worth $571,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AR. UMB Bank n.a. lifted its stake in shares of 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 worth $25,000 after purchasing an additional 686 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after buying an additional 892 shares during the last quarter. Mattson Financial Services LLC bought a new stake in shares of Antero Resources in the 2nd quarter valued at about $64,000. GAMMA Investing LLC grew its position in shares of Antero Resources by 27.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after buying an additional 655 shares during the last quarter. Finally, Payden & Rygel Investment Group bought a new position in shares of Antero Resources during the 1st quarter worth approximately $113,000. Institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of NYSE AR opened at $29.23 on Friday. The stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of 208.79 and a beta of 3.36. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28. The firm’s 50 day simple moving average is $27.48 and its 200-day simple moving average is $30.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AR. Morgan Stanley cut their price target on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Truist Financial dropped their target price on Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Friday, November 1st. The Goldman Sachs Group dropped their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Finally, UBS Group decreased their price objective on shares of Antero Resources from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $32.83.

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.