Insider Selling: Antero Resources Co. (NYSE:AR) Insider Sells 25,200 Shares of Stock

Antero Resources Co. (NYSE:AR) insider Yvette K. Schultz sold 25,200 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Antero Resources Price Performance

AR stock traded down $0.40 during midday trading on Monday, reaching $39.40. The stock had a trading volume of 3,688,360 shares, compared to its average volume of 4,191,305. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $42.63. The company has a market cap of $12.23 billion, a price-to-earnings ratio of 123.13 and a beta of 0.66. The company’s fifty day simple moving average is $36.87 and its 200 day simple moving average is $35.67. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.10. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business posted $0.12 earnings per share. Antero Resources’s quarterly revenue was up 20.5% on a year-over-year basis. As a group, sell-side analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of Antero Resources in the 4th quarter valued at approximately $140,020,000. Wellington Management Group LLP raised its position in Antero Resources by 12.6% in the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock valued at $689,135,000 after purchasing an additional 2,201,429 shares during the period. Assenagon Asset Management S.A. lifted its stake in Antero Resources by 133.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company’s stock worth $151,406,000 after purchasing an additional 2,137,538 shares in the last quarter. Castle Hook Partners LP purchased a new position in shares of Antero Resources during the fourth quarter worth $60,980,000. Finally, Invesco Ltd. grew its stake in shares of Antero Resources by 44.3% in the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock valued at $179,567,000 after buying an additional 1,362,370 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AR shares. Raymond James reaffirmed a “strong-buy” rating on shares of Antero Resources in a research report on Tuesday, May 13th. UBS Group increased their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. TD Cowen upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. Williams Trading set a $48.00 target price on Antero Resources in a report on Wednesday, March 5th. Finally, Mizuho raised shares of Antero Resources from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and a consensus target price of $42.72.

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.