Gill Capital Partners LLC Has $655,000 Stock Holdings in Antero Resources Corporation (NYSE:AR)

Key Points

• Gill Capital Partners LLC increased its position in Antero Resources Corporation by 94.1%, owning 16,193 shares valued at $655,000 after acquiring an additional 7,851 shares.
• Shares of Antero Resources opened at $33.67, with a market capitalization of $10.40 billion and a PE ratio of 21.45.
• Despite reporting quarterly earnings of $0.35 EPS, Antero Resources missed analysts' expectations of $0.68 EPS, although revenue remained steady at $1.30 billion.

Gill Capital Partners LLC increased its position in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 94.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,193 shares of the oil and natural gas company's stock after acquiring an additional 7,851 shares during the period. Gill Capital Partners LLC's holdings in Antero Resources were worth $655,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AR. Mascagni Wealth Management Inc. acquired a new stake in Antero Resources during the 4th quarter worth about $31,000. Capital A Wealth Management LLC acquired a new stake in Antero Resources during the 4th quarter worth about $35,000. Bessemer Group Inc. boosted its position 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 period. North Star Investment Management Corp. acquired a new stake in Antero Resources during the 1st quarter worth about $44,000. Finally, Sunbelt Securities Inc. acquired a new stake in Antero Resources during the 1st quarter worth about $56,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the completion of the transaction, the director directly owned 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $1,004,472.00. Following the transaction, the insider directly owned 306,819 shares of the company's stock, valued at $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 three months, insiders sold 1,125,200 shares of company stock valued at $45,887,466. Insiders own 6.70% of the company's stock.

Antero Resources Trading Down 0.9%

Shares of AR stock traded down $0.29 on Wednesday, reaching $33.02. 3,879,215 shares of the stock were exchanged, compared to its average volume of 5,120,502. The stock has a 50 day moving average price of $37.57 and a 200 day moving average price of $37.55. The stock has a market cap of $10.20 billion, a PE ratio of 21.03 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30. Antero Resources Corporation has a one year low of $24.53 and a one year high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The company's revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.21) EPS. Equities research analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on AR shares. Wells Fargo & Company set a $39.00 price objective on Antero Resources and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Raymond James Financial raised their price target on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 22nd. TD Cowen raised Antero Resources from a "hold" rating to a "buy" rating and raised their price target for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. 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 research note on Tuesday, May 13th. Finally, UBS Group raised their price target on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Antero Resources has an average rating of "Moderate Buy" and a consensus target price of $43.53.

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.