Moran Wealth Management LLC Raises Stock Position in Antero Resources Corporation $AR

Moran Wealth Management LLC increased its position in shares of Antero Resources Corporation (NYSE:AR) by 344.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,391 shares of the oil and natural gas company’s stock after acquiring an additional 34,402 shares during the quarter. Moran Wealth Management LLC’s holdings in Antero Resources were worth $1,530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in Antero Resources in the third quarter worth $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Antero Resources during the 3rd quarter valued at $30,000. IFP Advisors Inc lifted 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 boosted its position in shares of Antero Resources by 167.8% in the 4th quarter. Sound Income Strategies LLC now owns 1,824 shares of the oil and natural gas company’s stock worth $59,000 after purchasing an additional 1,143 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its position in shares of Antero Resources by 100.1% in the 3rd quarter. Clearstead Advisors LLC now owns 2,487 shares of the oil and natural gas company’s stock worth $83,000 after purchasing an additional 1,244 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AR. TD Cowen raised Antero Resources to a “strong-buy” rating in a research report on Monday, February 9th. UBS Group raised their price target on Antero Resources from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Jefferies Financial Group set a $50.00 price target on Antero Resources in a research note on Friday, February 13th. Truist Financial started coverage on shares of Antero Resources in a research report on Tuesday, March 24th. They issued a “buy” rating and a $56.00 price objective for the company. Finally, Citigroup lifted their target price 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, eight have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $48.27.

Insider Transactions at Antero Resources

In related news, 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yvette K. Schultz sold 15,000 shares of Antero Resources stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $39.33, for a total value of $589,950.00. Following the transaction, the insider 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. Company insiders own 6.30% of the company’s stock.

Antero Resources Stock Down 0.1%

NYSE:AR opened at $36.63 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. The company’s fifty day moving average price is $38.48 and its 200-day moving average price is $35.43. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75. The firm has a market capitalization of $11.30 billion, a P/E ratio of 18.13 and a beta of 0.42.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.33 billion. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. As a group, equities research analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current year.

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.