Antero Resources (NYSE:AR) Insider Yvette Schultz Sells 39,490 Shares

Antero Resources Corporation (NYSE:AR) insider Yvette Schultz sold 39,490 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the transaction, the insider owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. This represents a 12.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Antero Resources Trading Down 1.0%

Shares of AR stock opened at $39.15 on Wednesday. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The stock has a market cap of $12.13 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.38 and a beta of 0.36. The business has a fifty day simple moving average of $39.25 and a 200-day simple moving average of $35.79. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Antero Resources had a return on equity of 7.80% and a net margin of 16.39%.The business’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. On average, analysts forecast that Antero Resources Corporation will post 4.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Annandale Capital LLC increased its stake in shares of Antero Resources by 0.4% during the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock valued at $2,475,000 after acquiring an additional 300 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Antero Resources by 16.7% during the 4th quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock worth $73,000 after purchasing an additional 301 shares during the period. Brooklyn Investment Group grew its holdings in shares of Antero Resources by 2.0% during the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after purchasing an additional 305 shares during the period. Uhlmann Price Securities LLC grew its holdings in shares of Antero Resources by 2.2% during the 3rd quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock worth $508,000 after purchasing an additional 325 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Antero Resources by 4.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after purchasing an additional 343 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on AR shares. UBS Group lifted their price objective on Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company lifted their price objective on Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Roth Mkm reiterated a “neutral” rating and set a $38.00 price objective on shares of Antero Resources in a research report on Thursday, April 30th. Zacks Research upgraded Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Truist Financial started coverage on Antero Resources in a research report on Tuesday, March 24th. They set a “buy” rating and a $56.00 price objective for the company. Five analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $49.63.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.