SIR Capital Management L.P. Buys New Shares in Antero Resources Co. (NYSE:AR)

SIR Capital Management L.P. acquired a new stake in shares of Antero Resources Co. (NYSE:AR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 478,666 shares of the oil and natural gas company's stock, valued at approximately $16,777,000. Antero Resources makes up 1.7% of SIR Capital Management L.P.'s portfolio, making the stock its 20th largest position. SIR Capital Management L.P. owned about 0.15% of Antero Resources as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new position in shares of Antero Resources during the fourth quarter valued at about $28,000. Spire Wealth Management purchased a new stake in Antero Resources in the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB increased its stake in Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock valued at $48,000 after buying an additional 913 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Antero Resources by 59.6% during the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock worth $49,000 after buying an additional 523 shares in the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in shares of Antero Resources in the 4th quarter worth approximately $56,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on AR. Williams Trading set a $48.00 price target on Antero Resources in a report on Wednesday, March 5th. Barclays lifted their target price on Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Wells Fargo & Company boosted their price target on shares of Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 19th. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of Antero Resources in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Antero Resources presently has an average rating of "Moderate Buy" and an average target price of $42.72.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $40.82, for a total value of $43,350,309.34. Following the transaction, the director now directly owns 38,013 shares in the company, valued at $1,551,690.66. This represents a 96.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Yvette K. Schultz sold 25,200 shares of the business's 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 transaction, the insider now directly owns 306,819 shares of the company's stock, valued at $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 three months, insiders have sold 1,325,200 shares of company stock worth $53,839,466. 6.70% of the stock is owned by company insiders.

Antero Resources Stock Performance

Shares of NYSE:AR traded down $0.40 during midday trading on Monday, reaching $39.40. 3,688,360 shares of the company traded hands, compared to its average volume of 4,191,305. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $42.63. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 123.13 and a beta of 0.66. The firm's fifty day moving average price is $36.94 and its two-hundred day moving average price is $35.77.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $0.12 EPS. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. On average, equities analysts expect that Antero Resources Co. 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.