Summit Place Financial Advisors LLC Invests $841,000 in Antero Resources Corporation $AR

Summit Place Financial Advisors LLC bought a new position in Antero Resources Corporation (NYSE:AR) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 24,400 shares of the oil and natural gas company’s stock, valued at approximately $841,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AR. NewEdge Advisors LLC lifted its position in shares of Antero Resources by 16,498.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after purchasing an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Antero Resources by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock worth $23,882,000 after acquiring an additional 43,312 shares in the last quarter. Focus Partners Wealth boosted its stake in Antero Resources by 18.9% during the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after acquiring an additional 3,169 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Antero Resources by 701.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after acquiring an additional 2,616 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Antero Resources by 22.5% during the second quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock worth $1,470,000 after acquiring an additional 6,700 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Up 0.9%

Shares of Antero Resources stock opened at $39.35 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market capitalization of $12.19 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 0.37 and a beta of 0.42. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $45.75. The company has a 50-day simple moving average of $39.17 and a two-hundred day simple moving average of $35.69.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.13. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Antero Resources had a net margin of 16.39% and a return on equity of 7.97%. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. On average, analysts anticipate that Antero Resources Corporation will post 4.05 EPS for the current fiscal year.

Analyst Ratings Changes

AR has been the topic of several research reports. Morgan Stanley boosted their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Jefferies Financial Group reissued a “buy” rating and set a $57.00 price objective on shares of Antero Resources in a research note on Friday. Williams Trading set a $56.00 price objective on shares of Antero Resources in a research note on Monday, April 20th. Roth Mkm reissued a “neutral” rating and set a $38.00 price objective on shares of Antero Resources in a research note on Thursday. Finally, Citigroup boosted their price objective on shares of Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Five research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $49.13.

Insider Activity

In other Antero Resources news, Director Benjamin A. Hardesty sold 12,000 shares of Antero Resources stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $44.00, for a total value of $528,000.00. Following the completion of the transaction, the director directly owned 150,242 shares of the company’s stock, valued at approximately $6,610,648. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Yvette K. Schultz sold 15,000 shares of Antero Resources stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $39.33, for a total transaction of $589,950.00. Following the completion of the transaction, the insider directly owned 319,122 shares of the company’s stock, valued at $12,551,068.26. This trade represents a 4.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 6.30% of the stock is currently owned by insiders.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.