SIR Capital Management L.P. Purchases Shares of 478,666 Antero Resources Co. (NYSE:AR)

SIR Capital Management L.P. acquired a new position in shares of Antero Resources Co. (NYSE:AR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. 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 approximately 1.7% of SIR Capital Management L.P.’s holdings, making the stock its 20th biggest position.

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

Insiders Place Their Bets

In related news, Director W Howard Keenan, Jr. sold 38,013 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $40.32, for a total value of $1,532,684.16. Following the transaction, the director now owns 364,992 shares of the company’s stock, valued at approximately $14,716,477.44. This trade represents a 9.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 1,300,000 shares of company stock worth $52,834,994. Corporate insiders own 6.70% of the company’s stock.

Antero Resources Trading Down 0.8%

Shares of Antero Resources stock opened at $40.19 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $12.48 billion, a PE ratio of 125.60 and a beta of 0.66. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63. The firm’s 50 day moving average is $36.79 and its 200 day moving average is $35.47.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $0.12 EPS. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. Equities research analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on AR. Williams Trading set a $48.00 target price on Antero Resources in a research report on Wednesday, March 5th. Barclays upped their price objective 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. JPMorgan Chase & Co. increased their price objective on Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. Morgan Stanley restated an “overweight” rating and set a $58.00 target price on shares of Antero Resources in a report on Wednesday, March 26th. Finally, Mizuho upgraded shares of Antero Resources from a “neutral” rating to an “outperform” rating and increased their price target for the company from $47.00 to $49.00 in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.72.

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.