500,000 Shares in Antero Resources Corporation (NYSE:AR) Acquired by Ninepoint Partners LP

Ninepoint Partners LP purchased a new stake in Antero Resources Corporation (NYSE:AR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 500,000 shares of the oil and natural gas company's stock, valued at approximately $20,220,000. Antero Resources comprises 3.2% of Ninepoint Partners LP's investment portfolio, making the stock its 6th biggest holding. Ninepoint Partners LP owned about 0.16% of Antero Resources as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in AR. Mascagni Wealth Management Inc. bought a new position in Antero Resources in the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Antero Resources during the 4th quarter valued at about $35,000. Bessemer Group Inc. increased its stake in Antero Resources by 64.7% in the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock valued at $42,000 after acquiring an additional 411 shares during the period. North Star Investment Management Corp. bought a new position in Antero Resources during the first quarter worth about $44,000. Finally, Sunbelt Securities Inc. acquired a new stake in Antero Resources during the first quarter valued at approximately $56,000. 83.04% of the stock is currently owned by institutional investors.

Insider Activity at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the stock in a transaction dated 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 transaction, the director owned 38,013 shares of the company's stock, valued at $1,551,690.66. This represents a 96.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Yvette K. Schultz sold 25,200 shares of the 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 completion of the transaction, the insider owned 306,819 shares in the company, valued at approximately $12,229,805.34. The trade was a 7.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,125,200 shares of company stock worth $45,887,466. Insiders own 6.70% of the company's stock.

Antero Resources Price Performance

Shares of AR traded down $0.77 during midday trading on Friday, hitting $32.49. The company's stock had a trading volume of 4,800,632 shares, compared to its average volume of 5,736,660. 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 one year low of $24.53 and a one year high of $44.01. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 37.78 and a beta of 0.68. The company's fifty day simple moving average is $38.39 and its two-hundred day simple moving average is $37.82.

Antero Resources (NYSE:AR - Get Free Report) last posted its 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. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates 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 for the quarter was up 20.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. As a group, equities analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AR shares. Raymond James Financial raised their price target on Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 22nd. UBS Group upped their price target on shares of Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Bank of America upped their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Scotiabank boosted their price objective on shares of Antero Resources from $46.00 to $53.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Finally, Barclays increased their price objective on Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research report on Monday, July 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $44.18.

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.