22,310 Shares in Antero Resources Corporation $AR Purchased by Friedenthal Financial

Friedenthal Financial purchased a new stake in shares of Antero Resources Corporation (NYSE:AR) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,310 shares of the oil and natural gas company’s stock, valued at approximately $947,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Sunbelt Securities Inc. purchased a new position in shares of Antero Resources during the third quarter valued at approximately $30,000. IFP Advisors Inc lifted its stake in Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after acquiring an additional 345 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Antero Resources in the fourth quarter worth $41,000. Hilton Head Capital Partners LLC bought a new stake in Antero Resources in the fourth quarter valued at $44,000. Finally, SBI Okasan Asset Management Co.Ltd. bought a new stake in Antero Resources in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Insider Transactions at Antero Resources

In other news, insider Michael N. Kennedy sold 185,826 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.33, for a total value of $7,308,536.58. Following the sale, the insider directly owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. This represents a 14.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the completion of the transaction, the insider owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. The trade was a 12.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AR. Truist Financial initiated coverage on shares of Antero Resources in a report on Tuesday, March 24th. They issued a “buy” rating and a $56.00 price objective for the company. Bank of America lifted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Morgan Stanley boosted their price target on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Weiss Ratings downgraded shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Finally, UBS Group raised their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.19.

Antero Resources Price Performance

AR opened at $34.72 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The company has a market cap of $10.76 billion, a price-to-earnings ratio of 11.27 and a beta of 0.33. The stock has a fifty day simple moving average of $36.41 and a two-hundred day simple moving average of $36.39. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75.

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.