Antero Resources (NYSE:AR) Insider Sells $7,308,536.58 in Stock

Antero Resources Corporation (NYSE:AR) insider Michael Kennedy sold 185,826 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the sale, the insider owned 1,085,192 shares of the company’s stock, valued at approximately $42,680,601.36. This represents a 14.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Antero Resources Stock Down 5.7%

AR opened at $36.89 on Thursday. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The firm has a market capitalization of $11.43 billion, a P/E ratio of 11.98, a PEG ratio of 0.38 and a beta of 0.36. The company’s 50-day moving average is $39.30 and its 200 day moving average is $35.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.33 billion. Antero Resources had a net margin of 16.39% and a return on equity of 7.80%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 EPS. Research analysts expect that Antero Resources Corporation will post 4.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AR shares. Bank of America increased their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Roth Mkm reissued a “neutral” rating and issued a $38.00 price objective on shares of Antero Resources in a research report on Thursday, April 30th. Benchmark upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Thursday, March 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a $57.00 target price on shares of Antero Resources in a research report on Friday, May 1st. Finally, Citigroup lifted their target price on Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Five investment 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 stock. According to data from MarketBeat.com, Antero Resources presently has a consensus rating of “Buy” and a consensus price target of $49.63.

Institutional Trading of Antero Resources

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of Antero Resources by 16,498.3% during the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after acquiring an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Antero Resources by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock valued at $23,882,000 after acquiring an additional 43,312 shares during the period. Focus Partners Wealth raised its stake in Antero Resources by 18.9% in the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock valued at $806,000 after acquiring an additional 3,169 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Antero Resources by 701.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after purchasing an additional 2,616 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Antero Resources by 22.5% during the second quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock valued at $1,470,000 after purchasing an additional 6,700 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.