Antero Resources Co. (NYSE:AR) Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC trimmed its stake in Antero Resources Co. (NYSE:AR) by 64.3% during the first quarter, HoldingsChannel.com reports. The fund owned 163,265 shares of the oil and natural gas company’s stock after selling 293,677 shares during the period. Antero Resources makes up approximately 0.9% of Deltec Asset Management LLC’s holdings, making the stock its 29th biggest position. Deltec Asset Management LLC’s holdings in Antero Resources were worth $4,735,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Antero Resources during the first quarter valued at approximately $1,544,000. Inscription Capital LLC purchased a new position in Antero Resources during the 1st quarter worth approximately $212,000. Wedmont Private Capital acquired a new stake in Antero Resources during the 1st quarter valued at $432,000. MADDEN SECURITIES Corp lifted its holdings in shares of Antero Resources by 38.5% in the first quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company’s stock valued at $4,351,000 after purchasing an additional 41,725 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Antero Resources in the first quarter worth $37,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Antero Resources

In other news, insider Sheri Pearce sold 16,377 shares of Antero Resources stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $35.50, for a total value of $581,383.50. Following the transaction, the insider now directly owns 77,460 shares in the company, valued at $2,749,830. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Michael N. Kennedy sold 50,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $33.72, for a total value of $1,686,000.00. Following the completion of the sale, the insider now owns 1,032,251 shares in the company, valued at $34,807,503.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sheri Pearce sold 16,377 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $35.50, for a total value of $581,383.50. Following the transaction, the insider now owns 77,460 shares in the company, valued at $2,749,830. The disclosure for this sale can be found here. In the last three months, insiders have sold 476,377 shares of company stock worth $16,326,084. 6.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Scotiabank upped their price target on Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. Wells Fargo & Company increased their target price on shares of Antero Resources from $35.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. The Goldman Sachs Group increased their price objective on Antero Resources from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, StockNews.com raised Antero Resources to a “sell” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.00.

Antero Resources Stock Up 0.0 %

Shares of NYSE AR traded up $0.01 during mid-day trading on Friday, reaching $32.63. 4,492,346 shares of the company traded hands, compared to its average volume of 3,111,392. The company’s fifty day moving average is $33.68 and its two-hundred day moving average is $27.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Antero Resources Co. has a fifty-two week low of $20.10 and a fifty-two week high of $36.28. The stock has a market cap of $10.14 billion, a PE ratio of 163.15 and a beta of 3.28.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 EPS for the quarter. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. On average, analysts expect that Antero Resources Co. will post 0.36 earnings per share for the current year.

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.