Antero Resources Corporation (NYSE:AR) Shares Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. boosted its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 85.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,287 shares of the oil and natural gas company's stock after buying an additional 66,927 shares during the quarter. Pekin Hardy Strauss Inc.'s holdings in Antero Resources were worth $5,875,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its holdings in shares of Antero Resources by 3.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 17,897 shares of the oil and natural gas company's stock valued at $724,000 after purchasing an additional 561 shares in the last quarter. Capital Advisors Inc. OK acquired a new stake in shares of Antero Resources in the 1st quarter valued at $202,000. Envestnet Asset Management Inc. raised its holdings in shares of Antero Resources by 40.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 41,816 shares of the oil and natural gas company's stock valued at $1,691,000 after purchasing an additional 12,131 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Antero Resources in the 1st quarter valued at $443,000. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in shares of Antero Resources in the 1st quarter valued at $1,258,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Performance

Antero Resources stock traded down $1.07 during midday trading on Wednesday, hitting $35.55. 4,825,487 shares of the company's stock were exchanged, compared to its average volume of 4,366,388. Antero Resources Corporation has a 12-month low of $24.53 and a 12-month high of $44.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 41.34 and a beta of 0.68. The firm's 50 day simple moving average is $39.12 and its 200 day simple moving average is $37.79.

Antero Resources (NYSE:AR - Get Free Report) last released its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 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 company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the business earned $0.12 EPS. The business's revenue was up 20.5% on a year-over-year basis. Equities research analysts predict that Antero Resources Corporation will post 2.74 EPS for the current year.

Insider Buying and Selling at Antero Resources

In other news, 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 owned 306,819 shares in the company, valued at approximately $12,229,805.34. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Howard Keenan, Jr. sold 38,013 shares of the firm's stock in a transaction 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 sale, the director owned 364,992 shares of the company's stock, valued at $14,716,477.44. This trade represents a 9.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,125,200 shares of company stock valued at $45,887,466 in the last 90 days. Company insiders own 6.70% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on AR. Wells Fargo & Company dropped 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 report on Monday, June 16th. Barclays increased their target price 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. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and increased their target price for the company from $47.00 to $49.00 in a research report on Tuesday, May 13th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Antero Resources in a research report on Tuesday, May 13th. Finally, UBS Group increased their target price 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Antero Resources has an average rating of "Moderate Buy" and a consensus target price of $43.50.

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.