Antero Resources Co. (NYSE:AR) Director Sells $7,952,000.00 in Stock

Antero Resources Co. (NYSE:AR) Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $38.18 on Friday. The firm has a fifty day simple moving average of $37.17 and a 200-day simple moving average of $31.64. 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 Co. has a 1-year low of $24.43 and a 1-year high of $41.53. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 119.30 and a beta of 3.33.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. On average, sell-side analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current year.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently bought and sold shares of AR. Creative Planning increased its position in Antero Resources by 8.6% during the third quarter. Creative Planning now owns 22,869 shares of the oil and natural gas company’s stock worth $655,000 after acquiring an additional 1,813 shares during the period. Blue Trust Inc. increased its position in Antero Resources by 741.2% during the third quarter. Blue Trust Inc. now owns 4,795 shares of the oil and natural gas company’s stock worth $137,000 after acquiring an additional 4,225 shares during the period. Raymond James & Associates increased its position in Antero Resources by 14.1% during the third quarter. Raymond James & Associates now owns 477,023 shares of the oil and natural gas company’s stock worth $13,667,000 after acquiring an additional 58,806 shares during the period. Signaturefd LLC increased its position in Antero Resources by 19.9% during the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock worth $121,000 after acquiring an additional 702 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Antero Resources by 36.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock worth $50,060,000 after acquiring an additional 464,970 shares during the period. Institutional investors own 83.04% of the company’s stock.

Analysts Set New Price Targets

AR has been the subject of several research reports. Mizuho raised their price target on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Benchmark restated a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. The Goldman Sachs Group raised their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Citigroup raised their price target on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, UBS Group raised their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and an average price target of $39.44.

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.