Antero Resources Co. (NYSE:AR) Insider Yvette K. Schultz Sells 50,000 Shares

Antero Resources Co. (NYSE:AR) insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the sale, the insider now owns 248,363 shares in the company, valued at $6,268,682.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Antero Resources Stock Down 4.9 %

NYSE AR traded down $1.30 during trading on Monday, hitting $25.21. 5,971,959 shares of the company traded hands, compared to its average volume of 4,337,224. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28. The business has a fifty day simple moving average of $32.17 and a 200 day simple moving average of $29.41. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $7.84 billion, a P/E ratio of 126.03 and a beta of 3.40.

Hedge Funds Weigh In On Antero Resources

Several institutional investors have recently bought and sold shares of AR. Allspring Global Investments Holdings LLC grew its position in shares of Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 892 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Antero Resources in the first quarter valued at about $37,000. Lindbrook Capital LLC grew its position in shares of Antero Resources by 81.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after purchasing an additional 664 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Antero Resources by 28.0% in 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 purchasing an additional 602 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Antero Resources by 27.8% in the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 655 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised Antero Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $26.00 to $36.00 in a research note on Wednesday, April 17th. The Goldman Sachs Group raised their price objective on Antero Resources from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Wolfe Research assumed coverage on Antero Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Jefferies Financial Group raised their price objective on Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, Mizuho raised their price objective on Antero Resources from $29.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.69.

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.