Stonegate Investment Group LLC Makes New Investment in Antero Resources Corporation (NYSE:AR)

Stonegate Investment Group LLC purchased a new position in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,447 shares of the oil and natural gas company's stock, valued at approximately $342,000.

Other large investors have also recently made changes to their positions in the company. Mascagni Wealth Management Inc. purchased a new position in shares of Antero Resources during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in shares of Antero Resources during the fourth quarter worth approximately $35,000. North Star Investment Management Corp. purchased a new position in shares of Antero Resources during the first quarter worth approximately $44,000. Transcendent Capital Group LLC purchased a new position in shares of Antero Resources in the fourth quarter worth $56,000. Finally, Altshuler Shaham Ltd purchased a new position in shares of Antero Resources in the fourth quarter worth $70,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AR has been the topic of several analyst reports. Williams Trading set a $48.00 target price on shares of Antero Resources in a research note on Wednesday, March 5th. TD Cowen raised shares of Antero Resources from a "hold" rating to a "buy" rating and lifted their target price for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. 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 note on Thursday, March 13th. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. Finally, Bank of America lifted their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.22.

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the business's stock in a transaction on 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 sale, the director now owns 38,013 shares in the company, valued at approximately $1,551,690.66. The trade was a 96.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the sale, the insider now owns 306,819 shares in the company, valued at approximately $12,229,805.34. This trade represents a 7.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,125,200 shares of company stock worth $45,887,466. Corporate insiders own 6.70% of the company's stock.

Antero Resources Stock Up 1.9%

Shares of Antero Resources stock opened at $43.86 on Friday. Antero Resources Corporation has a 12-month low of $24.53 and a 12-month high of $44.02. The company has a market cap of $13.62 billion, a P/E ratio of 51.00 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 company's fifty day simple moving average is $37.89 and its two-hundred day simple moving average is $37.16.

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

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