Lesa Sroufe & Co Takes $273,000 Position in Antero Resources Corporation (NYSE:AR)

Lesa Sroufe & Co purchased a new position in Antero Resources Corporation (NYSE:AR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,760 shares of the oil and natural gas company's stock, valued at approximately $273,000.

A number of other large investors have also modified their holdings of the stock. Mascagni Wealth Management Inc. purchased a new position in Antero Resources in the fourth quarter valued at $31,000. Capital A Wealth Management LLC acquired a new stake in Antero Resources in the 4th quarter valued at about $35,000. North Star Investment Management Corp. purchased a new position in shares of Antero Resources in the 1st quarter valued at about $44,000. Transcendent Capital Group LLC acquired a new position in shares of Antero Resources during the fourth quarter worth about $56,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of Antero Resources during the fourth quarter worth about $70,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Stock Performance

Shares of NYSE:AR traded up $0.83 during midday trading on Friday, hitting $43.86. The stock had a trading volume of 6,536,451 shares, compared to its average volume of 4,266,163. Antero Resources Corporation has a 1 year low of $24.53 and a 1 year high of $44.08. 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 50 day moving average price of $37.67 and a two-hundred day moving average price of $37.04. The company has a market capitalization of $13.62 billion, a PE ratio of 51.00 and a beta of 0.67.

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 (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the business posted $0.12 earnings per share. Antero Resources's revenue was up 20.5% compared to the same quarter last year. As a group, equities analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Antero Resources

In related news, insider Yvette K. Schultz sold 25,200 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $39.86, for a total value of $1,004,472.00. Following the sale, the insider now directly owns 306,819 shares in the company, valued at $12,229,805.34. The trade was a 7.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 38,013 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 364,992 shares of the company's stock, valued at $14,716,477.44. This trade represents a 9.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,125,200 shares of company stock valued at $45,887,466. Insiders own 6.70% of the company's stock.

Analyst Ratings Changes

AR has been the subject of several recent analyst reports. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $47.00 to $49.00 in a research report on Tuesday, May 13th. UBS Group boosted their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Bank of America increased their target price 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. Morgan Stanley restated an "overweight" rating and set a $58.00 price target on shares of Antero Resources in a research note on Wednesday, March 26th. Finally, Wells Fargo & Company reduced their price objective on Antero Resources from $42.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.22.

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.