6,760 Shares in Antero Resources Co. (NYSE:AR) Bought by Lesa Sroufe & Co

Lesa Sroufe & Co acquired a new position in shares of Antero Resources Co. (NYSE:AR) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,760 shares of the oil and natural gas company’s stock, valued at approximately $273,000.

Several other hedge funds have also modified their holdings of the company. Mascagni Wealth Management Inc. purchased a new stake in Antero Resources in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new stake in Antero Resources in the fourth quarter valued at about $35,000. North Star Investment Management Corp. purchased a new stake in Antero Resources in the first quarter valued at about $44,000. Transcendent Capital Group LLC purchased a new position in shares of Antero Resources in the 4th quarter valued at approximately $56,000. Finally, Altshuler Shaham Ltd purchased a new position in shares of Antero Resources in the 4th quarter valued at approximately $70,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AR shares. Bank of America increased their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. UBS Group raised their price target on shares of Antero Resources from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Mizuho raised shares of Antero Resources from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. TD Cowen upgraded 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 research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. raised their target price on Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. One investment 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, Antero Resources currently has a consensus rating of “Moderate Buy” and an average target price of $43.22.

Antero Resources Price Performance

NYSE:AR opened at $42.12 on Tuesday. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $43.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The company has a 50 day moving average price of $37.14 and a 200-day moving average price of $36.89. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of 131.63 and a beta of 0.67.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company earned $0.12 earnings per share. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. Equities research analysts forecast that Antero Resources Co. will post 2.74 EPS for the current year.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total value of $43,350,309.34. Following the completion of the sale, the director now owns 38,013 shares of the company’s stock, valued at approximately $1,551,690.66. The trade was a 96.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Yvette K. Schultz sold 25,200 shares of the business’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the completion of the sale, the insider now directly owns 306,819 shares of the company’s stock, valued at approximately $12,229,805.34. The trade was a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,125,200 shares of company stock worth $45,887,466 in the last 90 days. Corporate insiders own 6.70% of the company’s stock.

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.