Antero Resources Corporation $AR Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in Antero Resources Corporation (NYSE:AR) by 59.5% during the fourth quarter, HoldingsChannel reports. The firm owned 144,627 shares of the oil and natural gas company’s stock after selling 212,189 shares during the quarter. SG Americas Securities LLC’s holdings in Antero Resources were worth $4,984,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Goodman Financial Corp grew its position in Antero Resources by 4.6% in the 4th quarter. Goodman Financial Corp now owns 460,806 shares of the oil and natural gas company’s stock valued at $15,879,000 after buying an additional 20,084 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Antero Resources by 29.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 74,141 shares of the oil and natural gas company’s stock worth $2,387,000 after buying an additional 16,758 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its stake in shares of Antero Resources by 15.7% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 12,671 shares of the oil and natural gas company’s stock worth $417,000 after acquiring an additional 1,717 shares during the period. Wedmont Private Capital lifted its stake in shares of Antero Resources by 7.5% in the 4th quarter. Wedmont Private Capital now owns 21,758 shares of the oil and natural gas company’s stock worth $715,000 after acquiring an additional 1,517 shares during the period. Finally, Avior Wealth Management LLC purchased a new stake in shares of Antero Resources in the fourth quarter valued at about $326,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

Shares of AR opened at $40.89 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. 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 $37.56 and a 200-day simple moving average of $34.97. The company has a market capitalization of $12.61 billion, a PE ratio of 20.24 and a beta of 0.42.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The firm’s revenue was up 20.8% on a year-over-year basis. Equities research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

AR has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets lifted their price objective on Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, December 9th. TD Cowen upgraded Antero Resources to a “strong-buy” rating in a research report on Monday, February 9th. Benchmark raised Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Thursday, March 5th. Finally, Morgan Stanley reduced their price target on Antero Resources from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Five analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and an average target price of $47.50.

Insider Activity at Antero Resources

In related news, Director Benjamin A. Hardesty sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was 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 $6,610,648. This trade represents a 7.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Yvette K. Schultz sold 15,000 shares of Antero Resources stock in a transaction on Monday, March 9th. The stock was sold at an average price of $39.33, for a total value of $589,950.00. Following the transaction, the insider directly owned 319,122 shares of the company’s stock, valued at approximately $12,551,068.26. This represents a 4.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.30% of the stock is owned by insiders.

About Antero Resources

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.