Janney Montgomery Scott LLC Buys 19,993 Shares of Antero Resources Corporation (NYSE:AR)

Janney Montgomery Scott LLC boosted its stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 75.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,460 shares of the oil and natural gas company's stock after purchasing an additional 19,993 shares during the quarter. Janney Montgomery Scott LLC's holdings in Antero Resources were worth $1,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Mascagni Wealth Management Inc. purchased a new position in shares of Antero Resources in the fourth quarter worth about $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Antero Resources in the fourth quarter valued at approximately $35,000. North Star Investment Management Corp. acquired a new stake in shares of Antero Resources in the first quarter worth approximately $44,000. Altshuler Shaham Ltd acquired a new stake in shares of Antero Resources in the fourth quarter worth approximately $70,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Antero Resources in the fourth quarter worth approximately $76,000. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Performance

Shares of AR stock opened at $40.86 on Friday. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 47.51 and a beta of 0.67. The stock has a 50 day simple moving average of $38.53 and a 200-day simple moving average of $37.41. Antero Resources Corporation has a 12-month low of $24.53 and a 12-month high of $44.02. 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 released its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.10. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. Antero Resources's quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. On average, equities analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company lowered their price objective on 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. Williams Trading set a $48.00 price objective on Antero Resources in a report on Wednesday, March 5th. Raymond James Financial restated a "strong-buy" rating on shares of Antero Resources in a report on Tuesday, May 13th. Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. Finally, Bank of America upped 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.22.

Insider Activity at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 38,013 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the completion of the transaction, the director now directly owns 364,992 shares in the company, valued at approximately $14,716,477.44. The trade was a 9.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Yvette K. Schultz sold 25,200 shares of the business's stock in a transaction that occurred 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. This represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,125,200 shares of company stock worth $45,887,466. 6.70% of the stock is owned by 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.

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