Calamos Advisors LLC Grows Stake in Antero Resources Corporation (NYSE:AR)

Calamos Advisors LLC increased its position in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 81.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,776 shares of the oil and natural gas company's stock after acquiring an additional 11,106 shares during the period. Calamos Advisors LLC's holdings in Antero Resources were worth $1,002,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AR. Mascagni Wealth Management Inc. purchased a new position in Antero Resources in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new position in Antero Resources in the fourth quarter valued at $35,000. Bessemer Group Inc. grew its holdings in shares of 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 purchasing an additional 411 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Antero Resources during the first quarter worth about $44,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Antero Resources in the 1st quarter valued at about $56,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Trading Down 0.5%

Shares of Antero Resources stock traded down $0.18 during trading hours on Monday, reaching $37.08. 4,678,182 shares of the company's stock were exchanged, compared to its average volume of 4,345,788. 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 firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 43.12 and a beta of 0.68. The company has a fifty day moving average of $39.08 and a 200-day moving average of $37.77. Antero Resources Corporation has a 52-week low of $24.53 and a 52-week high of $44.02.

Antero Resources (NYSE:AR - Get Free Report) last released its earnings results 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 net margin of 5.96% and a return on equity of 4.01%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the company earned $0.12 earnings per share. The company's quarterly revenue was up 20.5% on a year-over-year basis. Sell-side analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 38,013 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the completion of the sale, the director directly owned 364,992 shares in the company, valued at $14,716,477.44. This represents a 9.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Yvette K. Schultz sold 25,200 shares of the firm's 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 transaction, the insider owned 306,819 shares in the company, 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 have sold a total of 1,125,200 shares of company stock valued at $45,887,466 over the last three months. Corporate insiders own 6.70% of the company's stock.

Analyst Upgrades and Downgrades

AR has been the topic of a number of research reports. Mizuho raised 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. Wells Fargo & Company dropped their target price on Antero Resources from $42.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, June 16th. Raymond James Financial restated a "strong-buy" rating on shares of Antero Resources in a research report on Tuesday, May 13th. Bank of America raised their target price on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, TD Cowen raised shares of Antero Resources from a "hold" rating to a "buy" rating and upped their price target for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Antero Resources currently has an average rating of "Moderate Buy" and an average price target of $43.50.

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.