54,128 Shares in Antero Resources Corporation (NYSE:AR) Bought by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP has acquired 54,128 shares of Antero Resources Corporation, valued at approximately $2.19 million, in the first quarter.
• Antero Resources reported $0.35 earnings per share for the latest quarter, missing expectations by $0.33, although revenue increased 32.6% year-over-year to $1.30 billion.
• Insider sales increased recently, with insiders selling over 1.1 million shares totaling approximately $45.9 million in the past three months.

Aigen Investment Management LP bought a new position in shares of Antero Resources Corporation (NYSE:AR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 54,128 shares of the oil and natural gas company's stock, valued at approximately $2,189,000.

Several other large investors have also added to or reduced their stakes in the business. Mascagni Wealth Management Inc. bought a new stake in Antero Resources during the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in Antero Resources during the fourth quarter worth $35,000. Bessemer Group Inc. raised its position in Antero Resources by 64.7% during the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock worth $42,000 after acquiring an additional 411 shares in the last quarter. North Star Investment Management Corp. bought a new stake in Antero Resources during the first quarter worth $44,000. Finally, Sunbelt Securities Inc. bought a new stake in Antero Resources during the first quarter worth $56,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Trading Down 1.0%

Shares of Antero Resources stock opened at $32.76 on Friday. The firm has a market capitalization of $10.12 billion, a PE ratio of 20.87 and a beta of 0.64. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. The firm's 50 day moving average is $37.24 and its 200 day moving average is $37.40. Antero Resources Corporation has a 1 year low of $24.53 and a 1 year high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm posted ($0.21) earnings per share. The company's revenue for the quarter was up 32.6% 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 fiscal year.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 38,013 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the sale, the director directly owned 364,992 shares of the company's stock, valued at $14,716,477.44. The trade was a 9.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yvette K. Schultz sold 25,200 shares of the company'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 completion of the sale, the insider directly owned 306,819 shares in the company, valued at approximately $12,229,805.34. This represents a 7.59% 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 three months. Insiders own 6.70% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AR. Raymond James Financial raised their target price on shares of Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company set a $39.00 price target on shares of Antero Resources and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Barclays raised their price target on shares of Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Morgan Stanley raised their price target on shares of Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.53.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.