Antero Resources Co. (NYSE:AR) Insider Sells $1,004,472.00 in Stock

Antero Resources Co. (NYSE:AR) insider Yvette K. Schultz sold 25,200 shares of the company’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $39.86, for a total value of $1,004,472.00. Following the transaction, the insider now directly owns 306,819 shares in the company, valued at $12,229,805.34. This trade represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Antero Resources Stock Performance

NYSE:AR traded down $0.40 on Monday, hitting $39.40. The stock had a trading volume of 3,688,360 shares, compared to its average volume of 4,191,305. The business’s 50-day simple moving average is $36.87 and its two-hundred day simple moving average is $35.67. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $42.63. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 123.13 and a beta of 0.66.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $0.12 earnings per share. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, research analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current year.

Institutional Investors Weigh In On Antero Resources

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Antero Resources by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company’s stock worth $1,036,603,000 after acquiring an additional 214,060 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Antero Resources by 12.6% during the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock worth $689,135,000 after buying an additional 2,201,429 shares during the period. Dimensional Fund Advisors LP boosted its position in Antero Resources by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company’s stock valued at $414,628,000 after acquiring an additional 1,274,760 shares in the last quarter. Sourcerock Group LLC raised its position in shares of Antero Resources by 3.8% in the 4th quarter. Sourcerock Group LLC now owns 6,355,724 shares of the oil and natural gas company’s stock worth $222,768,000 after acquiring an additional 231,068 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Antero Resources by 44.3% during the 1st quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock worth $179,567,000 after purchasing an additional 1,362,370 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on AR shares. UBS Group boosted their target price on Antero Resources from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Williams Trading set a $48.00 target price on shares of Antero Resources in a research note on Wednesday, March 5th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research note on Thursday, February 13th. Mizuho raised Antero Resources from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. Finally, Barclays increased their target price on Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.72.

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.