Antero Resources Co. (NYSE:AR) Sees Large Increase in Short Interest

Antero Resources Co. (NYSE:AR) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 11,070,000 shares, a growth of 14.0% from the June 15th total of 9,710,000 shares. Based on an average daily trading volume, of 3,760,000 shares, the days-to-cover ratio is currently 2.9 days. Approximately 3.9% of the shares of the company are sold short.

Antero Resources Trading Down 5.8 %

AR traded down $1.85 during midday trading on Wednesday, hitting $29.80. 7,696,796 shares of the company were exchanged, compared to its average volume of 4,336,143. The firm has a market capitalization of $9.26 billion, a P/E ratio of 149.00 and a beta of 3.39. The firm’s 50 day moving average price is $33.49 and its 200-day moving average price is $28.80. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. Antero Resources has a 1-year low of $20.10 and a 1-year high of $36.28.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. As a group, equities analysts forecast that Antero Resources will post 0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AR has been the subject of several research analyst reports. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. Jefferies Financial Group raised their price objective on Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. The Goldman Sachs Group boosted their target price on Antero Resources from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, Wells Fargo & Company decreased their price target on shares of Antero Resources from $43.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and an average price target of $33.69.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Sheri Pearce sold 16,377 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $35.50, for a total transaction of $581,383.50. Following the transaction, the insider now owns 77,460 shares in the company, valued at approximately $2,749,830. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Sheri Pearce sold 16,377 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $35.50, for a total transaction of $581,383.50. Following the sale, the insider now directly owns 77,460 shares of the company’s stock, valued at approximately $2,749,830. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director W Howard Keenan, Jr. sold 300,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $34.23, for a total value of $10,269,000.00. Following the completion of the transaction, the director now directly owns 2,162,993 shares of the company’s stock, valued at approximately $74,039,250.39. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 476,377 shares of company stock valued at $16,326,084. 6.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AR. Benjamin F. Edwards & Company Inc. lifted its position in Antero Resources by 11.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after acquiring an additional 343 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Antero Resources by 35.1% in the first quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock valued at $58,000 after purchasing an additional 519 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Antero Resources by 28.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after buying an additional 602 shares during the last quarter. Confluence Investment Management LLC grew its holdings in Antero Resources by 3.4% during the second quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock worth $604,000 after buying an additional 616 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Antero Resources by 27.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after buying an additional 655 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.