Antero Resources Co. (NYSE:AR) Director Sells $336,700.00 in Stock

Antero Resources Co. (NYSE:AR) Director Robert J. Clark sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total value of $336,700.00. Following the transaction, the director now directly owns 69,963 shares in the company, valued at approximately $2,355,654.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Antero Resources Stock Up 1.5 %

Antero Resources stock opened at $33.14 on Friday. The business has a fifty day moving average of $28.70 and a two-hundred day moving average of $25.69. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a market cap of $10.30 billion, a P/E ratio of 165.70 and a beta of 3.27. Antero Resources Co. has a twelve month low of $19.91 and a twelve month high of $34.69.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. On average, analysts forecast that Antero Resources Co. will post 0.33 earnings per share for the current fiscal year.

Institutional Trading of Antero Resources

A number of hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new stake in Antero Resources during the first quarter worth $1,022,000. Hartree Partners LP purchased a new stake in shares of Antero Resources during the 1st quarter valued at $1,102,000. Daiwa Securities Group Inc. purchased a new stake in shares of Antero Resources during the 1st quarter valued at $1,802,000. Quent Capital LLC lifted its holdings in shares of Antero Resources by 102.0% during the 1st quarter. Quent Capital LLC now owns 5,045 shares of the oil and natural gas company’s stock valued at $146,000 after purchasing an additional 2,547 shares during the last quarter. Finally, Capstone Investment Advisors LLC lifted its holdings in shares of Antero Resources by 42.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 17,920 shares of the oil and natural gas company’s stock valued at $520,000 after purchasing an additional 5,302 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

AR has been the topic of a number of analyst reports. Barclays initiated coverage on Antero Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 target price on the stock. Truist Financial cut their target price on Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. JPMorgan Chase & Co. upped their target price on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. StockNews.com raised Antero Resources to a “sell” rating in a research note on Friday, April 26th. Finally, Scotiabank increased their price objective on Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.