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

SG Americas Securities LLC cut its holdings in Antero Resources Corporation (NYSE:AR) by 59.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,627 shares of the oil and natural gas company’s stock after selling 212,189 shares during the period. SG Americas Securities LLC’s holdings in Antero Resources were worth $4,984,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in shares of Antero Resources during the 3rd quarter worth about $26,000. Sunbelt Securities Inc. acquired a new stake in shares of Antero Resources during the 3rd quarter worth about $30,000. IFP Advisors Inc lifted its stake in Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 345 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Antero Resources by 114.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock worth $38,000 after purchasing an additional 500 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its holdings in Antero Resources by 100.1% in the third 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 in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AR. Truist Financial initiated coverage on shares of Antero Resources in a research note on Tuesday, March 24th. They issued a “buy” rating and a $56.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Antero Resources in a report on Monday, December 29th. BMO Capital Markets increased their target price on shares of Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Tuesday, December 9th. Morgan Stanley cut their price target on shares of Antero Resources from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Finally, Bank of America boosted their price target on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Five research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

Insiders Place Their Bets

In other news, Director Benjamin A. Hardesty sold 12,000 shares of the company’s 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 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yvette K. Schultz sold 15,000 shares of the 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 sale, the insider owned 319,122 shares of the company’s stock, valued at $12,551,068.26. This trade represents a 4.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 6.30% of the stock is owned by corporate insiders.

Antero Resources Trading Down 3.7%

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 business’s 50 day moving average is $37.56 and its two-hundred day moving average is $34.97. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 20.24 and a beta of 0.42.

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

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.