W Howard Keenan, Jr. Sells 1,061,987 Shares of Antero Resources Co. (NYSE:AR) Stock

Antero Resources Co. (NYSE:AR) Director W Howard Keenan, Jr. sold 1,061,987 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total value of $43,350,309.34. Following the transaction, the director now owns 38,013 shares of the company’s stock, valued at $1,551,690.66. The trade was a 96.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Antero Resources Price Performance

NYSE:AR opened at $39.75 on Friday. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 124.23 and a beta of 0.66. The business has a 50 day simple moving average of $36.87 and a 200-day simple moving average of $35.55. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. Equities analysts forecast that Antero Resources Co. will post 2.74 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its stake in shares of Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock valued at $928,000 after buying an additional 12,062 shares during the period. Slate Path Capital LP purchased a new position in shares of Antero Resources in the 4th quarter valued at approximately $35,471,000. Wealthfront Advisers LLC purchased a new position in shares of Antero Resources in the fourth quarter worth $556,000. Allspring Global Investments Holdings LLC lifted its position in Antero Resources by 1,423.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock worth $304,000 after acquiring an additional 7,983 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Antero Resources by 7.3% during the fourth quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company’s stock worth $6,246,000 after purchasing an additional 12,156 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AR shares. Raymond James restated a “strong-buy” rating on shares of Antero Resources in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. StockNews.com raised Antero Resources to a “sell” rating in a report on Thursday, February 13th. UBS Group upped their price target on shares of Antero Resources from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company increased their target price on Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and an average price target of $42.72.

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.