Golden State Equity Partners Grows Stock Holdings in Antero Resources Corporation (NYSE:AR)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mascagni Wealth Management Inc. purchased a new stake in shares of Antero Resources in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in Antero Resources in the fourth quarter worth approximately $35,000. North Star Investment Management Corp. bought a new position in Antero Resources in the first quarter worth approximately $44,000. Transcendent Capital Group LLC bought a new position in Antero Resources in the fourth quarter worth approximately $56,000. Finally, Altshuler Shaham Ltd bought a new position in Antero Resources in the fourth quarter worth approximately $70,000. 83.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AR. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. Bank of America increased their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and set a $58.00 target price on shares of Antero Resources in a report on Wednesday, March 26th. Raymond James Financial reiterated a "strong-buy" rating on shares of Antero Resources in a report on Tuesday, May 13th. Finally, TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and increased their target price for the stock from $40.00 to $46.00 in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.22.

Antero Resources Stock Up 0.6%

AR stock traded up $0.25 on Friday, hitting $41.14. 5,045,117 shares of the company's stock were exchanged, compared to its average volume of 4,283,369. Antero Resources Corporation has a 12-month low of $24.53 and a 12-month high of $44.02. The firm has a 50 day moving average price of $38.66 and a two-hundred day moving average price of $37.48. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $12.78 billion, a P/E ratio of 47.84 and a beta of 0.67.

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

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the business'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 sale, the director now owns 38,013 shares in the company, valued at approximately $1,551,690.66. The trade was a 96.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yvette K. Schultz sold 25,200 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the completion of the sale, the insider now directly owns 306,819 shares in the company, valued at $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 sold 1,125,200 shares of company stock worth $45,887,466 in the last three months. Corporate insiders own 6.70% of the company's stock.

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.