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

Antero Resources Corporation (NYSE:AR) insider Yvette Schultz sold 15,000 shares of the firm’s 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 directly owned 319,122 shares of the company’s stock, valued at approximately $12,551,068.26. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Antero Resources Price Performance

Shares of NYSE:AR opened at $39.68 on Thursday. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 19.64 and a beta of 0.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. The business’s 50 day simple moving average is $34.59 and its 200-day simple moving average is $33.87. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $44.01.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Huntington National Bank increased its stake in Antero Resources by 91.3% during the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after buying an additional 313 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Antero Resources during the third quarter worth about $26,000. Sunbelt Securities Inc. purchased a new position in Antero Resources in the third quarter valued at about $30,000. IFP Advisors Inc grew its stake in Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 345 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its stake in Antero Resources by 114.2% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after purchasing an additional 500 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays cut their target price on shares of Antero Resources from $46.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Bank of America boosted their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. 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. BMO Capital Markets boosted their price target on Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, December 9th. Finally, Jefferies Financial Group set a $50.00 price target on Antero Resources in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and an average 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.