Penserra Capital Management LLC Buys Shares of 10,976 Antero Resources Corporation (NYSE:AR)

Penserra Capital Management LLC bought a new stake in Antero Resources Corporation (NYSE:AR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,976 shares of the oil and natural gas company's stock, valued at approximately $443,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mascagni Wealth Management Inc. purchased a new position in Antero Resources during the fourth quarter valued at $31,000. Capital A Wealth Management LLC purchased a new position in shares of Antero Resources during the 4th quarter valued at $35,000. Bessemer Group Inc. increased its stake in Antero Resources by 64.7% in the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock worth $42,000 after buying an additional 411 shares in the last quarter. North Star Investment Management Corp. purchased a new position in shares of Antero Resources in the first quarter valued at about $44,000. Finally, Sunbelt Securities Inc. purchased a new position in Antero Resources in the 1st quarter worth approximately $56,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Antero Resources

In related news, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $39.86, for a total value of $1,004,472.00. Following the completion of the sale, the insider directly owned 306,819 shares in the company, valued at $12,229,805.34. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the completion of the sale, the director directly owned 38,013 shares of the company's stock, valued at approximately $1,551,690.66. This trade represents a 96.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,125,200 shares of company stock worth $45,887,466 over the last 90 days. 6.70% of the stock is currently owned by company insiders.

Antero Resources Trading Up 0.3%

Antero Resources stock traded up $0.10 during midday trading on Friday, reaching $35.95. The stock had a trading volume of 5,934,021 shares, compared to its average volume of 4,398,825. Antero Resources Corporation has a 52-week low of $24.53 and a 52-week high of $44.02. The company has a fifty day moving average of $39.15 and a 200 day moving average of $37.83. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 41.80 and a beta of 0.68. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.17.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.68 by $0.10. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a net margin of 5.96% and a return on equity of 4.01%. The firm's revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 EPS. On average, analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AR. Bank of America boosted their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Raymond James Financial restated a "strong-buy" rating on shares of Antero Resources in a research report on Tuesday, May 13th. Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $47.00 to $49.00 in a research report on Tuesday, May 13th. Morgan Stanley reissued an "overweight" rating and set a $58.00 price target on shares of Antero Resources in a research note on Wednesday, March 26th. Finally, UBS Group lifted their price objective on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $44.18.

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.