Antero Resources (NYSE:AR) Trading Down 4.9% – Here’s What Happened

Shares of Antero Resources Corporation (NYSE:AR) traded down 4.9% on Tuesday . The stock traded as low as $38.58 and last traded at $38.31. 1,027,221 shares were traded during mid-day trading, a decline of 76% from the average session volume of 4,275,383 shares. The stock had previously closed at $40.28.

Analysts Set New Price Targets

AR has been the subject of a number of research reports. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Antero Resources in a research note on Tuesday, May 13th. JPMorgan Chase & Co. increased their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. Mizuho raised shares of Antero Resources from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. UBS Group increased their target price on Antero Resources from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Finally, Williams Trading set a $48.00 price target on Antero Resources in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.22.

Antero Resources Stock Down 5.3%

The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.17. The business’s 50-day simple moving average is $38.83 and its 200-day simple moving average is $37.60. The company has a market capitalization of $11.84 billion, a PE ratio of 44.44 and a beta of 0.67.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a net margin of 5.96% and a return on equity of 4.01%. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. As a group, equities research analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Insider Transactions at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 38,013 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the sale, the director directly owned 364,992 shares of the company’s stock, valued at approximately $14,716,477.44. This represents a 9.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction on Friday, May 16th. The shares were sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the completion of the transaction, the insider directly owned 306,819 shares of the company’s stock, valued at $12,229,805.34. The trade was a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,125,200 shares of company stock worth $45,887,466 in the last 90 days. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors have recently modified their holdings of the business. Proficio Capital Partners LLC acquired a new stake in Antero Resources in the 4th quarter valued at $968,000. Parkside Financial Bank & Trust increased its stake in shares of Antero Resources by 1,387.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,692 shares of the oil and natural gas company’s stock worth $94,000 after purchasing an additional 2,511 shares in the last quarter. Norden Group LLC acquired a new position in shares of Antero Resources during the 4th quarter worth about $262,000. SBI Securities Co. Ltd. purchased a new position in Antero Resources in the 4th quarter valued at about $76,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Antero Resources by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,961,644 shares of the oil and natural gas company’s stock valued at $68,756,000 after buying an additional 32,220 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

About Antero Resources

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.