D.A. Davidson & CO. Invests $383,000 in Antero Resources Corporation (NYSE:AR)

D.A. Davidson & CO. purchased a new stake in Antero Resources Corporation (NYSE:AR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,479 shares of the oil and natural gas company's stock, valued at approximately $383,000.

Other hedge funds have also bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in Antero Resources by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company's stock worth $493,000 after acquiring an additional 319 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Antero Resources by 2.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company's stock worth $503,000 after acquiring an additional 370 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Antero Resources by 64.7% during the 1st 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 during the last quarter. Fifth Third Bancorp boosted its holdings in Antero Resources by 17.2% during the 1st quarter. Fifth Third Bancorp now owns 3,008 shares of the oil and natural gas company's stock worth $122,000 after acquiring an additional 442 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in Antero Resources by 0.6% during the 4th quarter. Stifel Financial Corp now owns 84,530 shares of the oil and natural gas company's stock worth $2,963,000 after acquiring an additional 520 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

Insider Activity

In other 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 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 filing with the SEC, which is available at this link. Also, insider Yvette K. Schultz sold 25,200 shares of the company'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 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. Over the last quarter, insiders have sold 1,125,200 shares of company stock worth $45,887,466. Company insiders own 6.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on AR. TD Cowen raised shares of Antero Resources from a "hold" rating to a "buy" rating and boosted their price target for the stock from $40.00 to $46.00 in a report on Tuesday, April 8th. Scotiabank boosted their price target on shares of Antero Resources from $46.00 to $53.00 and gave the stock a "sector outperform" rating in a report on Friday. Raymond James Financial reissued a "strong-buy" rating on shares of Antero Resources in a report on Tuesday, May 13th. UBS Group boosted their price target on shares of Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company cut their price target on shares of Antero Resources from $42.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, June 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.18.

Antero Resources Stock Performance

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 12 month low of $24.53 and a 12 month high of $44.02. The firm's 50-day moving average price is $39.15 and its 200 day moving average price is $37.83. The firm has a market capitalization of $11.16 billion, a PE 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 announced its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the business posted $0.12 earnings per share. The company's revenue was up 20.5% on a year-over-year basis. As a group, research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal 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.