92,880 Shares in Antero Resources Corporation (NYSE:AR) Acquired by Longbow Finance SA

Key Points

• Longbow Finance SA has acquired 92,880 shares of Antero Resources Corporation, valued at approximately $3,756,000, as per their recent SEC filing.
• Analysts have raised price targets for Antero Resources, with Scotiabank increasing it from $46.00 to $53.00 and Bank of America from $44.00 to $47.00, indicating positive market sentiment.
• Insider selling activity was notable, as Director W Howard Keenan, Jr. sold over 1 million shares at an average price of $40.82, significantly reducing his ownership stake.

Longbow Finance SA acquired a new position in shares of Antero Resources Corporation (NYSE:AR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 92,880 shares of the oil and natural gas company's stock, valued at approximately $3,756,000.

A number of other hedge funds also recently made changes to their positions in the stock. Cetera Investment Advisers lifted its holdings in shares of Antero Resources by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company's stock worth $493,000 after acquiring an additional 319 shares during the last quarter. World Investment Advisors lifted its holdings in shares of Antero Resources by 5.0% during the 1st quarter. World Investment Advisors now owns 7,105 shares of the oil and natural gas company's stock worth $287,000 after acquiring an additional 341 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Antero Resources by 2.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company's stock worth $503,000 after acquiring an additional 370 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Antero Resources by 64.7% during the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock worth $42,000 after acquiring an additional 411 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in shares of Antero Resources by 7.1% during the 1st quarter. Ballentine Partners LLC now owns 6,282 shares of the oil and natural gas company's stock worth $254,000 after acquiring an additional 419 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Down 2.3%

NYSE:AR traded down $0.77 during mid-day trading on Friday, hitting $32.49. 4,800,632 shares of the company's stock were exchanged, compared to its average volume of 5,736,660. Antero Resources Corporation has a one year low of $24.53 and a one year high of $44.01. 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 business has a fifty day moving average price of $38.39 and a 200 day moving average price of $37.82. The company has a market cap of $10.09 billion, a PE ratio of 37.78 and a beta of 0.68.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a net margin of 5.96% and a return on equity of 4.01%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The business's revenue was up 20.5% on a year-over-year basis. Equities analysts predict that Antero Resources Corporation will post 2.74 EPS for the current year.

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 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 owned 306,819 shares of the company's stock, valued at approximately $12,229,805.34. The trade was a 7.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the business's stock in a transaction 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 completion of the transaction, the director owned 38,013 shares of the company's stock, valued at approximately $1,551,690.66. This represents a 96.54% 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. 6.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $47.00 to $49.00 in a research report on Tuesday, May 13th. Raymond James Financial boosted their price objective on shares of Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Tuesday. Barclays boosted their price objective on shares of Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Finally, UBS Group boosted their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $44.18.

About Antero Resources

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.