Golden State Equity Partners Has $2 Million Stake in Antero Resources Corporation (NYSE:AR)

Golden State Equity Partners grew its holdings in Antero Resources Corporation (NYSE:AR - Free Report) by 257.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,375 shares of the oil and natural gas company's stock after purchasing an additional 35,570 shares during the period. Golden State Equity Partners' holdings in Antero Resources were worth $1,997,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Mascagni Wealth Management Inc. acquired a new stake in shares of Antero Resources in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in Antero Resources during the 4th quarter valued at approximately $35,000. North Star Investment Management Corp. acquired a new stake in Antero Resources in the 1st quarter valued at approximately $44,000. Transcendent Capital Group LLC bought a new position in Antero Resources in the 4th quarter worth approximately $56,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of Antero Resources during the fourth quarter worth approximately $70,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 25,200 shares of the business's stock in a transaction on 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 now owns 306,819 shares of the company's stock, valued at approximately $12,229,805.34. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the director now owns 38,013 shares in the company, valued at approximately $1,551,690.66. This trade represents a 96.54% decrease in their position. 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 ninety days. Corporate insiders own 6.70% of the company's stock.

Analysts Set New Price Targets

AR has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Mizuho upgraded shares of 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 report on Tuesday, May 13th. TD Cowen upgraded shares of 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 report on Tuesday, April 8th. Morgan Stanley reissued an "overweight" rating and set a $58.00 target price on shares of Antero Resources in a research report on Wednesday, March 26th. Finally, Williams Trading set a $48.00 target price on Antero Resources in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.22.

Antero Resources Price Performance

Shares of AR stock opened at $42.35 on Wednesday. Antero Resources Corporation has a one year low of $24.53 and a one year high of $44.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.39 and a quick ratio of 0.39. The stock's fifty day simple moving average is $38.26 and its 200 day simple moving average is $37.32. The firm has a market cap of $13.15 billion, a price-to-earnings ratio of 49.25 and a beta of 0.67.

Antero Resources (NYSE:AR - Get Free Report) last issued its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.68 by $0.10. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a net margin of 5.96% and a return on equity of 4.01%. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. On average, analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

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.

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