13,081 Shares in Antero Resources Corporation (NYSE:AR) Bought by Citizens National Bank Trust Department

Citizens National Bank Trust Department purchased a new position in Antero Resources Corporation (NYSE:AR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,081 shares of the oil and natural gas company's stock, valued at approximately $529,000.

Several other large investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. bought a new stake in Antero Resources in the first quarter worth $538,000. Sunbelt Securities Inc. bought a new stake in Antero Resources in the first quarter worth $56,000. Illinois Municipal Retirement Fund bought a new position in Antero Resources during the first quarter valued at $824,000. Diversified Trust Co bought a new position in Antero Resources during the first quarter valued at $1,029,000. Finally, Total Wealth Planning & Management Inc. bought a new position in Antero Resources during the first quarter valued at $207,000. Institutional investors own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AR. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and boosted their price objective for the company from $40.00 to $46.00 in a research report on Tuesday, April 8th. Morgan Stanley reiterated an "overweight" rating and set a $58.00 price objective on shares of Antero Resources in a research report on Wednesday, March 26th. Bank of America boosted 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. 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 research report on Thursday, March 13th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Antero Resources in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.22.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the company's stock in a transaction dated 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 directly owns 38,013 shares of the company's stock, valued at $1,551,690.66. This represents a 96.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yvette K. Schultz sold 25,200 shares of the company's stock in a transaction dated 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. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,125,200 shares of company stock valued at $45,887,466 over the last three months. 6.70% of the stock is owned by company insiders.

Antero Resources Trading Up 0.6%

NYSE AR opened at $41.14 on Friday. The company's 50-day moving average price is $38.66 and its 200-day moving average price is $37.51. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.17. The stock has a market cap of $12.78 billion, a PE ratio of 47.84 and a beta of 0.67. Antero Resources Corporation has a 12 month low of $24.53 and a 12 month high of $44.02.

Antero Resources (NYSE:AR - Get Free Report) 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, topping analysts' consensus estimates 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 earned $0.12 earnings per share. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. Equities research analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Antero Resources 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.

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