SG Americas Securities LLC Purchases New Position in Antero Resources Corporation (NYSE:AR)

SG Americas Securities LLC bought a new stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 25,161 shares of the oil and natural gas company's stock, valued at approximately $1,018,000.

Other large investors have also recently made changes to their positions in the company. Mascagni Wealth Management Inc. purchased a new position in Antero Resources in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in Antero Resources in the 4th quarter worth approximately $35,000. Transcendent Capital Group LLC purchased a new position in Antero Resources in the 4th quarter worth approximately $56,000. Altshuler Shaham Ltd purchased a new position in Antero Resources in the 4th quarter worth approximately $70,000. Finally, SBI Securities Co. Ltd. purchased a new position in Antero Resources in the 4th quarter worth approximately $76,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AR has been the subject of a number of recent analyst reports. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. Morgan Stanley reaffirmed an "overweight" rating and issued a $58.00 target price on shares of Antero Resources in a research report on Wednesday, March 26th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Antero Resources in a research report on Tuesday, May 13th. Williams Trading set a $48.00 target price on shares of Antero Resources in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $43.22.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 38,013 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $40.32, for a total value of $1,532,684.16. Following the sale, the director now owns 364,992 shares in the company, valued at $14,716,477.44. The trade was a 9.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yvette K. Schultz sold 25,200 shares of the business's stock in a transaction 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 completion of the sale, the insider now owns 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. In the last quarter, insiders sold 1,125,200 shares of company stock valued at $45,887,466. Company insiders own 6.70% of the company's stock.

Antero Resources Price Performance

Antero Resources stock traded up $0.52 during mid-day trading on Thursday, hitting $43.04. The stock had a trading volume of 4,954,610 shares, compared to its average volume of 4,257,081. The firm has a market capitalization of $13.36 billion, a P/E ratio of 50.04 and a beta of 0.67. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.17. The firm's 50 day moving average is $37.67 and its 200 day moving average is $37.04. Antero Resources Corporation has a one year low of $24.53 and a one year high of $43.74.

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 for the quarter, topping the consensus estimate of $0.68 by $0.10. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a net margin of 5.96% and a return on equity of 4.01%. Antero Resources's quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. On average, sell-side analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Antero Resources 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.