SG Americas Securities LLC Makes New $1.02 Million Investment in Antero Resources Corporation (NYSE:AR)

SG Americas Securities LLC acquired a new stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,161 shares of the oil and natural gas company's stock, valued at approximately $1,018,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mascagni Wealth Management Inc. purchased a new stake in shares of Antero Resources in the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Antero Resources in the fourth quarter worth approximately $35,000. Transcendent Capital Group LLC bought a new position in Antero Resources in the fourth quarter worth approximately $56,000. Altshuler Shaham Ltd bought a new position in Antero Resources in the fourth quarter worth approximately $70,000. Finally, SBI Securities Co. Ltd. bought a new position in Antero Resources in the fourth quarter worth approximately $76,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

Shares of NYSE AR traded up $0.83 during trading on Friday, reaching $43.86. 6,537,740 shares of the company traded hands, compared to its average volume of 4,259,201. The firm's fifty day simple moving average is $37.89 and its 200 day simple moving average is $37.16. The stock has a market cap of $13.62 billion, a P/E ratio of 51.00 and a beta of 0.67. Antero Resources Corporation has a 12-month low of $24.53 and a 12-month high of $44.02. 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 (NYSE:AR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.28 billion. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. The company's revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. As a group, research analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction dated 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. The trade was a 7.59% decrease in their position. 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 1,061,987 shares of Antero Resources stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total value of $43,350,309.34. Following the completion of the transaction, the director now owns 38,013 shares of the company's stock, valued at approximately $1,551,690.66. This represents a 96.54% 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 worth $45,887,466 in the last 90 days. Corporate insiders own 6.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on Antero Resources from $42.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Monday, June 16th. TD Cowen raised Antero Resources from a "hold" rating to a "buy" rating and increased their price objective for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. Bank of America increased their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Mizuho raised Antero Resources from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. Finally, UBS Group increased their price objective on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.22.

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.