SG Americas Securities LLC Purchases New Shares in Antero Resources Corporation (NYSE:AR)

SG Americas Securities LLC bought a new position in Antero Resources Corporation (NYSE:AR) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 25,161 shares of the oil and natural gas company’s stock, valued at approximately $1,018,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AR. Savant Capital LLC lifted its position in Antero Resources by 19.2% during the 4th quarter. Savant Capital LLC now owns 9,621 shares of the oil and natural gas company’s stock valued at $337,000 after acquiring an additional 1,549 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Antero Resources by 1,423.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock valued at $304,000 after purchasing an additional 7,983 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Antero Resources by 11.4% during the fourth quarter. Vontobel Holding Ltd. now owns 24,737 shares of the oil and natural gas company’s stock valued at $867,000 after buying an additional 2,522 shares during the last quarter. Rhumbline Advisers increased its position in shares of Antero Resources by 0.7% during the fourth quarter. Rhumbline Advisers now owns 792,836 shares of the oil and natural gas company’s stock valued at $27,789,000 after acquiring an additional 5,319 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Antero Resources by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 9,258 shares of the oil and natural gas company’s stock worth $324,000 after acquiring an additional 479 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 38,013 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $40.32, for a total value of $1,532,684.16. Following the transaction, the director now owns 364,992 shares of the company’s stock, valued at approximately $14,716,477.44. The trade was a 9.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Yvette K. Schultz sold 25,200 shares of the firm’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the transaction, the insider now directly owns 306,819 shares of the company’s stock, valued at $12,229,805.34. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,125,200 shares of company stock worth $45,887,466. Corporate insiders own 6.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AR shares. Mizuho raised Antero Resources from a “neutral” rating to an “outperform” rating and upped their price target for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. Raymond James Financial restated a “strong-buy” rating on shares of Antero Resources in a research note on Tuesday, May 13th. Wells Fargo & Company reduced their price target on shares of Antero Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. Finally, TD Cowen upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and raised their target price for the stock from $40.00 to $46.00 in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and a consensus target price of $43.22.

Antero Resources Stock Performance

NYSE:AR opened at $42.50 on Wednesday. The stock has a 50-day simple moving average of $37.29 and a two-hundred day simple moving average of $36.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.39 and a current ratio of 0.39. Antero Resources Corporation has a 52-week low of $24.53 and a 52-week high of $42.79. The firm has a market capitalization of $13.20 billion, a PE ratio of 49.42 and a beta of 0.67.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a net margin of 5.96% and a return on equity of 4.01%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm posted $0.12 EPS. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. Analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current year.

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.