7,000 Shares in Antero Resources Co. (NYSE:AR) Bought by KFG Wealth Management LLC

KFG Wealth Management LLC bought a new position in shares of Antero Resources Co. (NYSE:AR) in the first quarter, HoldingsChannel reports. The firm bought 7,000 shares of the oil and natural gas company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AR. Allspring Global Investments Holdings LLC boosted its position in shares of Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after acquiring an additional 892 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Antero Resources by 81.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after acquiring an additional 664 shares during the last quarter. Mather Group LLC. bought a new position in shares of Antero Resources during the first quarter worth $37,000. Planned Solutions Inc. bought a new position in shares of Antero Resources during the fourth quarter worth $45,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Antero Resources by 28.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock worth $62,000 after acquiring an additional 602 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Up 1.4 %

Shares of AR opened at $33.31 on Thursday. Antero Resources Co. has a twelve month low of $20.10 and a twelve month high of $36.28. The company has a market cap of $10.35 billion, a P/E ratio of 166.55 and a beta of 3.39. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $33.79 and its 200-day simple moving average is $28.13.

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

Insider Transactions at Antero Resources

In other news, insider Sheri Pearce sold 16,377 shares of the company’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 directly owns 77,460 shares in the company, valued at $2,749,830. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Sheri Pearce sold 16,377 shares of the company’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 directly owns 77,460 shares in the company, valued at $2,749,830. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael N. Kennedy sold 50,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $33.72, for a total transaction of $1,686,000.00. Following the transaction, the insider now owns 1,032,251 shares in the company, valued at $34,807,503.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 476,377 shares of company stock worth $16,326,084. Insiders own 6.70% of the company’s stock.

Analysts Set New Price Targets

AR has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Friday, April 26th. Wells Fargo & Company upped their price target on shares of Antero Resources from $35.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Barclays started coverage on shares of Antero Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 price target on the stock. Finally, Truist Financial decreased their price target on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.50.

Antero Resources 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.