Insider Buying: Antero Resources (NYSE:AR) Insider Purchases $166,750.00 in Stock

Antero Resources Corporation (NYSE:AR) insider Brendan Krueger purchased 5,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were bought at an average price of $33.35 per share, with a total value of $166,750.00. Following the purchase, the insider owned 295,917 shares in the company, valued at $9,868,831.95. This represents a 1.72% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Antero Resources Stock Down 2.1%

Shares of AR stock opened at $34.47 on Thursday. The stock’s 50 day simple moving average is $32.78 and its 200 day simple moving average is $35.11. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $44.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 18.34 and a beta of 0.62.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently added to or reduced their stakes in AR. OneDigital Investment Advisors LLC bought a new stake in shares of Antero Resources during the first quarter valued at approximately $284,000. Envestnet Asset Management Inc. boosted its stake in Antero Resources by 40.9% during the first quarter. Envestnet Asset Management Inc. now owns 41,816 shares of the oil and natural gas company’s stock worth $1,691,000 after buying an additional 12,131 shares in the last quarter. State of Michigan Retirement System increased its holdings in Antero Resources by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 70,000 shares of the oil and natural gas company’s stock valued at $2,831,000 after buying an additional 700 shares during the period. Xponance Inc. raised its stake in shares of Antero Resources by 1.6% in the 1st quarter. Xponance Inc. now owns 33,606 shares of the oil and natural gas company’s stock valued at $1,359,000 after buying an additional 514 shares in the last quarter. Finally, Ballentine Partners LLC lifted its holdings in shares of Antero Resources by 7.1% during the 1st quarter. Ballentine Partners LLC now owns 6,282 shares of the oil and natural gas company’s stock worth $254,000 after acquiring an additional 419 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

AR has been the subject of several recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Antero Resources in a report on Wednesday, August 13th. Jefferies Financial Group decreased their price target on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Roth Capital lowered Antero Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $44.00 to $32.00 in a research note on Monday, August 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Antero Resources in a research note on Wednesday, October 8th. Finally, Raymond James Financial raised their target price on Antero Resources from $57.00 to $58.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

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.