Antero Resources Corporation (NYSE:AR) Shares Bought by Salzhauer Michael

Salzhauer Michael grew its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 142.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 63,000 shares of the oil and natural gas company's stock after buying an additional 37,000 shares during the quarter. Antero Resources accounts for approximately 1.0% of Salzhauer Michael's portfolio, making the stock its 16th biggest position. Salzhauer Michael's holdings in Antero Resources were worth $2,548,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AR. Sequoia Financial Advisors LLC acquired a new position in shares of Antero Resources during the first quarter worth $220,000. Bessemer Group Inc. boosted its position 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 in the last quarter. Golden State Equity Partners boosted its position in shares of Antero Resources by 257.7% during the 1st quarter. Golden State Equity Partners now owns 49,375 shares of the oil and natural gas company's stock worth $1,997,000 after acquiring an additional 35,570 shares in the last quarter. Stonegate Investment Group LLC purchased a new position in shares of Antero Resources in the 1st quarter valued at about $342,000. Finally, Avior Wealth Management LLC raised its position in shares of Antero Resources by 46.6% during the 1st quarter. Avior Wealth Management LLC now owns 9,458 shares of the oil and natural gas company's stock worth $382,000 after acquiring an additional 3,008 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

Insider Buying and Selling

In other news, insider Yvette K. Schultz sold 25,200 shares of the firm's stock in a transaction 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the firm's 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 now owns 38,013 shares of the company's stock, valued at $1,551,690.66. This trade represents a 96.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,125,200 shares of company stock worth $45,887,466 in the last quarter. Company insiders own 6.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Bank of America upped their price target on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Wells Fargo & Company lowered their target price on shares of Antero Resources from $42.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday, June 16th. Williams Trading set a $48.00 price target on shares of Antero Resources in a research note on Wednesday, March 5th. Raymond James Financial restated a "strong-buy" rating on shares of Antero Resources in a research note on Tuesday, May 13th. Finally, UBS Group raised their price objective on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Antero Resources has an average rating of "Moderate Buy" and a consensus target price of $43.22.

Antero Resources Price Performance

Shares of AR traded down $0.20 during mid-day trading on Thursday, hitting $40.86. The company's stock had a trading volume of 4,172,882 shares, compared to its average volume of 4,265,891. 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 Corporation has a 1-year low of $24.53 and a 1-year high of $44.02. The firm has a market capitalization of $12.69 billion, a P/E ratio of 47.51 and a beta of 0.67. The firm has a 50-day simple moving average of $38.40 and a 200 day simple moving average of $37.34.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly 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. Antero Resources had a net margin of 5.96% and a return on equity of 4.01%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the company posted $0.12 EPS. The business's revenue for the quarter was up 20.5% on a year-over-year basis. Analysts predict that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

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.