Edgestream Partners L.P. Buys New Position in Antero Resources Co. (NYSE:AR)

Edgestream Partners L.P. acquired a new position in shares of Antero Resources Co. (NYSE:AR) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 151,993 shares of the oil and natural gas company’s stock, valued at approximately $4,408,000.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after acquiring an additional 892 shares during the period. Mather Group LLC. acquired a new stake in Antero Resources during the 1st quarter worth approximately $37,000. Lindbrook Capital LLC lifted its position in Antero Resources by 81.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after acquiring an additional 664 shares during the period. Planned Solutions Inc. acquired a new stake in Antero Resources during the 4th quarter worth approximately $45,000. Finally, Quadrant Capital Group LLC lifted its position in Antero Resources by 28.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock worth $62,000 after acquiring an additional 602 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Antero Resources news, insider Sheri Pearce sold 16,377 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $35.50, for a total transaction of $581,383.50. Following the completion of the transaction, the insider now owns 77,460 shares of the company’s stock, valued at $2,749,830. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Antero Resources news, insider Sheri Pearce sold 16,377 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $35.50, for a total transaction of $581,383.50. Following the completion of the transaction, the insider now owns 77,460 shares of the company’s stock, valued at $2,749,830. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Howard Keenan, Jr. sold 100,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $34.53, for a total value of $3,453,000.00. Following the transaction, the director now directly owns 2,900,000 shares of the company’s stock, valued at approximately $100,137,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 476,377 shares of company stock valued at $16,326,084. Corporate insiders own 6.70% of the company’s stock.

Antero Resources Price Performance

NYSE AR traded up $1.12 during mid-day trading on Monday, hitting $30.81. The stock had a trading volume of 4,915,838 shares, compared to its average volume of 4,339,725. Antero Resources Co. has a 52-week low of $20.10 and a 52-week high of $36.28. The company has a market cap of $9.58 billion, a price-to-earnings ratio of 154.75 and a beta of 3.39. The company has a 50 day simple moving average of $33.32 and a 200 day simple moving average of $28.94. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Equities analysts forecast that Antero Resources Co. will post 0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Morgan Stanley raised Antero Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $26.00 to $36.00 in a research report on Wednesday, April 17th. StockNews.com raised Antero Resources to a “sell” rating in a report on Friday, April 26th. Mizuho raised their price target on Antero Resources from $29.00 to $37.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Barclays assumed coverage on Antero Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources presently has an average rating of “Hold” and a consensus price target of $33.69.

Antero Resources Company 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.