Antero Resources Corporation (NYSE:AR) Stock Position Raised by S&CO Inc.

Key Points

• S&CO Inc. increased its holdings in Antero Resources Corporation (NYSE:AR) by 10,205 shares, bringing its total ownership to 293,788 shares, valued at approximately $11.88 million.
• Recent analyst reports have resulted in multiple upgrades for Antero Resources, with price targets raised by firms such as Scotiabank and Raymond James, highlighting a consensus rating of "Moderate Buy" for the stock.
• Antero Resources reported a 20.5% increase in revenue year-over-year, with earnings per share of $0.78, surpassing the analysts' expectations of $0.68.

S&CO Inc. lifted its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 293,788 shares of the oil and natural gas company's stock after acquiring an additional 10,205 shares during the quarter. S&CO Inc. owned 0.09% of Antero Resources worth $11,880,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC grew its stake in Antero Resources by 109.6% in the first quarter. CWM LLC now owns 32,725 shares of the oil and natural gas company's stock worth $1,323,000 after purchasing an additional 17,113 shares in the last quarter. Slate Path Capital LP acquired a new position in Antero Resources in the fourth quarter worth about $35,471,000. Bessemer Group Inc. grew 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 worth $42,000 after purchasing an additional 411 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in Antero Resources in the first quarter worth about $538,000. Finally, OneDigital Investment Advisors LLC acquired a new position in Antero Resources in the first quarter worth about $284,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Antero Resources

In related news, 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 transaction of $1,004,472.00. Following the sale, the insider owned 306,819 shares of the company's stock, valued at $12,229,805.34. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $1,532,684.16. Following the sale, the director directly owned 364,992 shares in the company, valued at approximately $14,716,477.44. The trade was a 9.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,125,200 shares of company stock worth $45,887,466. 6.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of research reports. Barclays lifted their price target on Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Scotiabank lifted their price target on Antero Resources from $46.00 to $53.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 11th. UBS Group lifted their target price on Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and lifted their target price for the company from $40.00 to $46.00 in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Antero Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.18.

Antero Resources Stock Performance

Shares of AR traded down $1.26 during mid-day trading on Friday, reaching $33.67. 6,042,255 shares of the company's stock traded hands, compared to its average volume of 5,135,528. The business's 50-day moving average price is $37.95 and its 200-day moving average price is $37.70. The stock has a market capitalization of $10.46 billion, a P/E ratio of 21.45 and a beta of 0.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.39 and a current ratio of 0.39. Antero Resources Corporation has a 12 month low of $24.53 and a 12 month high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.53%. The business's quarterly revenue was up 32.6% on a year-over-year basis. During the same period last year, the firm posted ($0.21) EPS. Equities analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current year.

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.