Inscription Capital LLC Makes New $283,000 Investment in Antero Resources Corporation (NYSE:AR)

Inscription Capital LLC bought a new stake in Antero Resources Corporation (NYSE:AR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,000 shares of the oil and natural gas company's stock, valued at approximately $283,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Antero Resources in the fourth quarter valued at about $140,020,000. Wellington Management Group LLP boosted its holdings in Antero Resources by 12.6% in the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock valued at $689,135,000 after purchasing an additional 2,201,429 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Antero Resources by 133.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company's stock valued at $151,406,000 after buying an additional 2,137,538 shares during the period. Castle Hook Partners LP acquired a new stake in shares of Antero Resources during the 4th quarter worth approximately $60,980,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Antero Resources by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock worth $414,628,000 after buying an additional 1,274,760 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AR has been the subject of several analyst reports. Bank of America increased their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Raymond James Financial reiterated a "strong-buy" rating on shares of Antero Resources in a report on Tuesday, May 13th. JPMorgan Chase & Co. raised their price objective on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Williams Trading set a $48.00 target price on shares of Antero Resources in a research report on Wednesday, March 5th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $58.00 target price on shares of Antero Resources in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $43.22.

Insider Buying and Selling at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 38,013 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total value of $1,532,684.16. Following the transaction, the director now owns 364,992 shares of the company's stock, valued at $14,716,477.44. This represents a 9.43% decrease in their ownership of the stock. The transaction was disclosed in a 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 on 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 completion of the sale, the insider now owns 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. Insiders have sold 1,125,200 shares of company stock valued at $45,887,466 in the last quarter. Corporate insiders own 6.70% of the company's stock.

Antero Resources Price Performance

Antero Resources stock opened at $43.04 on Thursday. 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 Corporation has a 52-week low of $24.53 and a 52-week high of $43.74. The firm has a market cap of $13.36 billion, a PE ratio of 50.04 and a beta of 0.67. The company's 50 day moving average is $37.45 and its two-hundred day moving average is $36.97.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) 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 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 firm earned $0.12 earnings per share. The company's revenue for the quarter was up 20.5% compared to the same quarter last year. On average, research analysts expect that Antero Resources Corporation will post 2.74 EPS 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.

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