Antero Resources (NYSE:AR) Director Sells $528,000.00 in Stock

Antero Resources Corporation (NYSE:AR) Director Benjamin Hardesty sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total transaction of $528,000.00. Following the transaction, the director directly owned 150,242 shares of the company’s stock, valued at $6,610,648. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Antero Resources Stock Up 4.4%

AR stock traded up $1.81 during mid-day trading on Thursday, reaching $43.31. The company had a trading volume of 9,844,295 shares, compared to its average volume of 6,080,305. The company has a market capitalization of $13.36 billion, a price-to-earnings ratio of 21.44 and a beta of 0.52. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.37. The stock has a 50 day simple moving average of $35.58 and a two-hundred day simple moving average of $34.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America lifted their target price on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Wall Street Zen downgraded shares of Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $39.00 price objective (down from $44.00) on shares of Antero Resources in a research note on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Antero Resources in a report on Monday, December 29th. Finally, Roth Mkm restated a “neutral” rating and set a $36.00 target price on shares of Antero Resources in a research report on Monday, December 8th. Four analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors have recently modified their holdings of AR. Neo Ivy Capital Management bought a new position in Antero Resources in the second quarter valued at about $532,000. Stephens Investment Management Group LLC boosted its stake in shares of Antero Resources by 4.5% during the third quarter. Stephens Investment Management Group LLC now owns 1,185,601 shares of the oil and natural gas company’s stock valued at $39,789,000 after purchasing an additional 51,126 shares in the last quarter. Goodman Financial Corp bought a new stake in shares of Antero Resources during the third quarter worth about $14,791,000. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Antero Resources by 103.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 436,476 shares of the oil and natural gas company’s stock valued at $14,648,000 after buying an additional 222,311 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in shares of Antero Resources in the second quarter valued at approximately $3,015,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.