Antero Resources Co. (NYSE:AR) Director Sells $10,269,000.00 in Stock

Antero Resources Co. (NYSE:AR) Director W Howard Keenan, Jr. sold 300,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $34.23, for a total transaction of $10,269,000.00. Following the completion of the sale, the director now directly owns 2,162,993 shares in the company, valued at $74,039,250.39. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Antero Resources Trading Up 1.1 %

Shares of AR stock traded up $0.38 on Thursday, hitting $34.40. 3,032,737 shares of the stock traded hands, compared to its average volume of 4,924,525. Antero Resources Co. has a twelve month low of $19.91 and a twelve month high of $34.99. The stock has a market capitalization of $10.69 billion, a PE ratio of 170.08 and a beta of 3.27. The firm’s 50-day moving average price is $29.23 and its two-hundred day moving average price is $25.79. 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 (NYSE:AR) last posted its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. As a group, analysts anticipate that Antero Resources Co. will post 0.33 EPS for the current year.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently modified their holdings of AR. Allspring Global Investments Holdings LLC grew its stake in shares of Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after buying an additional 892 shares in the last quarter. Lindbrook Capital LLC increased its stake in 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 purchasing an additional 664 shares during the period. Mather Group LLC. acquired a new stake in shares of Antero Resources during the first quarter worth about $37,000. Planned Solutions Inc. purchased a new position in shares of Antero Resources in the fourth quarter valued at approximately $45,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Antero Resources in the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AR. Barclays started coverage on Antero Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 price target for the company. JPMorgan Chase & Co. boosted their target price on shares of Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $26.00 to $36.00 in a research report on Wednesday, April 17th. Truist Financial decreased their price objective on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Finally, Scotiabank lifted their price target on Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.08.

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.