Texas Yale Capital Corp. Invests $1.70 Million in Antero Resources Corporation (NYSE:AR)

Key Points

• Texas Yale Capital Corp. has invested approximately $1.70 million into Antero Resources, acquiring a total of 42,060 shares during the first quarter.
• Antero Resources reported a 20.5% year-over-year increase in quarterly revenue, totaling $1.35 billion, with earnings per share hitting $0.78, exceeding analysts' estimates.
• Recent analyst ratings for Antero Resources are optimistic, with multiple firms raising their price targets, and the stock currently holds an average rating of "Moderate Buy."

Texas Yale Capital Corp. acquired 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 & Exchange Commission. The fund acquired 42,060 shares of the oil and natural gas company's stock, valued at approximately $1,701,000.

Other large investors also recently added to or reduced their stakes in the company. Slate Path Capital LP bought a new stake in Antero Resources during the fourth quarter worth approximately $35,471,000. CWM LLC increased its stake in Antero Resources by 109.6% during the first quarter. CWM LLC now owns 32,725 shares of the oil and natural gas company's stock worth $1,323,000 after acquiring an additional 17,113 shares during the last quarter. Bessemer Group Inc. increased its stake in Antero Resources by 64.7% during the first 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 during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in Antero Resources during the first quarter worth approximately $538,000. Finally, OneDigital Investment Advisors LLC bought a new stake in Antero Resources during the first quarter worth approximately $284,000. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Down 2.3%

Shares of NYSE AR opened at $32.49 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of 37.78 and a beta of 0.68. The stock has a 50 day moving average price of $38.39 and a 200 day moving average price of $37.82. Antero Resources Corporation has a 52-week low of $24.53 and a 52-week high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. The firm 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%. Antero Resources's quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. Sell-side analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AR has been the topic of several analyst reports. Bank of America boosted 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. TD Cowen raised Antero Resources from a "hold" rating to a "buy" rating and upped their target price for the company from $40.00 to $46.00 in a research note on Tuesday, April 8th. Wells Fargo & Company cut their target price on Antero Resources from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Raymond James Financial upped their target price on Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 22nd. Finally, Mizuho raised Antero Resources from a "neutral" rating to an "outperform" rating and upped their target price for the company from $47.00 to $49.00 in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Antero Resources currently has an average rating of "Moderate Buy" and a consensus target price of $44.18.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 38,013 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the completion of the sale, the director owned 364,992 shares in the company, valued at $14,716,477.44. This represents a 9.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yvette K. Schultz sold 25,200 shares of the company'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 sale, the insider owned 306,819 shares of the company's stock, valued at approximately $12,229,805.34. This 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 valued at $45,887,466. 6.70% of the stock is owned by company insiders.

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.

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