Summit Place Financial Advisors LLC Takes Position in Antero Resources Corporation $AR

Summit Place Financial Advisors LLC acquired a new stake in shares of Antero Resources Corporation (NYSE:AR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 24,400 shares of the oil and natural gas company’s stock, valued at approximately $841,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Antero Resources during the 3rd quarter valued at $26,000. Sunbelt Securities Inc. bought a new position in shares of Antero Resources during the 3rd quarter valued at $30,000. IFP Advisors Inc grew its holdings in shares of Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 345 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Antero Resources by 167.8% during the 4th quarter. Sound Income Strategies LLC now owns 1,824 shares of the oil and natural gas company’s stock valued at $59,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of Antero Resources by 100.1% during the 3rd quarter. Clearstead Advisors LLC now owns 2,487 shares of the oil and natural gas company’s stock valued at $83,000 after purchasing an additional 1,244 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Insider Activity

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

Antero Resources Price Performance

Shares of Antero Resources stock opened at $39.35 on Friday. The firm has a market cap 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 12-month low of $29.10 and a 12-month high of $45.75. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $39.17 and its two-hundred day simple moving average is $35.69.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.33 billion. Antero Resources had a net margin of 16.39% and a return on equity of 7.97%. The company’s revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. As a group, equities analysts expect that Antero Resources Corporation will post 4.05 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on AR. Bank of America increased their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Roth Mkm reaffirmed a “neutral” rating and set a $38.00 target price on shares of Antero Resources in a report on Thursday. Benchmark raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Thursday, March 5th. Morgan Stanley increased their target price on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Finally, Wells Fargo & Company increased their target price on shares of Antero Resources from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Five analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Antero Resources has an average rating of “Buy” and an average target price of $49.13.

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.