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

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

Other large investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. bought a new stake in shares of Antero Resources in the first quarter worth about $232,000. Janney Montgomery Scott LLC grew its stake in shares of Antero Resources by 75.5% in the first quarter. Janney Montgomery Scott LLC now owns 46,460 shares of the oil and natural gas company's stock worth $1,879,000 after purchasing an additional 19,993 shares during the last quarter. North Star Investment Management Corp. bought a new stake in shares of Antero Resources in the 1st quarter worth approximately $44,000. Vaughan Nelson Investment Management L.P. grew its position in shares of Antero Resources by 13.1% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,914,798 shares of the oil and natural gas company's stock worth $77,434,000 after buying an additional 221,790 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Antero Resources by 38.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 32,384 shares of the oil and natural gas company's stock worth $1,310,000 after buying an additional 8,912 shares during the last quarter. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Performance

NYSE AR traded up $0.83 on Friday, reaching $43.86. 6,537,740 shares of the stock were exchanged, compared to its average volume of 4,259,201. The firm has a market capitalization of $13.62 billion, a PE ratio of 51.00 and a beta of 0.67. Antero Resources Corporation has a one year low of $24.53 and a one year high of $44.02. The company's 50-day simple moving average is $37.89 and its two-hundred day simple moving average is $37.16. The company has a current ratio of 0.39, a quick 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 data 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 firm 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 company's revenue was up 20.5% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS. Analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. Wells Fargo & Company cut their target price on shares of Antero Resources from $42.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Monday, June 16th. Bank of America lifted their price objective on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Raymond James Financial reissued a "strong-buy" rating on shares of Antero Resources in a research note on Tuesday, May 13th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $58.00 price target on shares of Antero Resources in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.22.

Insider Buying and Selling at Antero Resources

In other news, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction that occurred 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 sale, the insider now 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of Antero Resources stock in a transaction that occurred on Tuesday, May 13th. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 1,125,200 shares of company stock valued at $45,887,466 over the last ninety days. 6.70% of the stock is currently owned by company insiders.

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.