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 the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the sale, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Antero Resources Stock Down 3.4 %

Shares of NYSE AR opened at $38.18 on Friday. The firm’s 50-day simple moving average is $37.17 and its 200 day simple moving average is $31.64. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 119.30 and a beta of 3.33. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a 12-month low of $24.43 and a 12-month high of $41.53.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AR. Creative Planning lifted its position in Antero Resources by 8.6% during the 3rd quarter. Creative Planning now owns 22,869 shares of the oil and natural gas company’s stock valued at $655,000 after purchasing an additional 1,813 shares during the period. Blue Trust Inc. lifted its position in Antero Resources by 741.2% during the 3rd quarter. Blue Trust Inc. now owns 4,795 shares of the oil and natural gas company’s stock valued at $137,000 after purchasing an additional 4,225 shares during the period. Raymond James & Associates lifted its position in Antero Resources by 14.1% during the 3rd quarter. Raymond James & Associates now owns 477,023 shares of the oil and natural gas company’s stock valued at $13,667,000 after purchasing an additional 58,806 shares during the period. Signaturefd LLC lifted its position in Antero Resources by 19.9% during the 3rd quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock valued at $121,000 after purchasing an additional 702 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Antero Resources by 36.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock valued at $50,060,000 after purchasing an additional 464,970 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AR. The Goldman Sachs Group boosted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Mizuho boosted their price target on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, December 16th. UBS Group boosted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Barclays boosted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, Truist Financial boosted their price target on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.44.

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.