Antero Resources (NYSE:AR) Insider Yvette Schultz Sells 15,000 Shares of Stock

Antero Resources Corporation (NYSE:AR) insider Yvette Schultz sold 15,000 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $39.33, for a total value of $589,950.00. Following the completion of the sale, the insider owned 319,122 shares of the company’s stock, valued at $12,551,068.26. The trade was a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Antero Resources Stock Performance

Shares of AR stock opened at $37.43 on Wednesday. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 18.53 and a beta of 0.52. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $44.01. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $34.48 and its 200-day simple moving average is $33.83.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.33 billion. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period last year, the company posted $0.48 EPS. On average, sell-side analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. bought a new stake in Antero Resources during the third quarter worth approximately $77,294,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Antero Resources by 111.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock worth $137,437,000 after buying an additional 2,099,755 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Antero Resources by 140.2% in the third quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock worth $116,371,000 after buying an additional 2,023,828 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Antero Resources by 31.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock worth $267,485,000 after buying an additional 1,922,977 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Antero Resources in the 4th quarter valued at $58,831,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Mizuho set a $47.00 price target on shares of Antero Resources in a report on Friday, December 12th. Zacks Research raised Antero Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. UBS Group lifted their price target on Antero Resources from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Benchmark raised Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Thursday, March 5th. Finally, Wells Fargo & Company increased their price objective on Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Four investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.87.

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.