Antero Resources (NYSE:AR) Director Sells 12,000 Shares

Antero Resources Corporation (NYSE:AR) Director Benjamin Hardesty sold 12,000 shares of Antero Resources stock in a transaction 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 owned 150,242 shares in the company, valued at approximately $6,610,648. This trade represents a 7.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Antero Resources Trading Up 4.4%

Shares of Antero Resources stock traded up $1.81 during midday 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 stock has a fifty day moving average price of $35.58 and a 200 day moving average price of $34.27. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $44.37. The firm has a market cap of $13.36 billion, a PE ratio of 21.44 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.

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

Hedge Funds Weigh In On Antero Resources

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Antero Resources by 1.2% during the second quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company’s stock worth $1,200,249,000 after buying an additional 350,018 shares during the last quarter. State Street Corp boosted its stake in Antero Resources by 1.2% in the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock valued at $341,368,000 after acquiring an additional 116,461 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Antero Resources by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,085,648 shares of the oil and natural gas company’s stock valued at $313,106,000 after acquiring an additional 1,115,258 shares during the last quarter. Sourcerock Group LLC grew its position in shares of Antero Resources by 10.6% during the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after acquiring an additional 783,117 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Antero Resources by 18.4% during the 2nd quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock worth $211,805,000 after purchasing an additional 817,977 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

AR has been the subject of a number of analyst reports. BMO Capital Markets lifted their price target on Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, December 9th. Mizuho set a $47.00 price objective on Antero Resources in a research note on Friday, December 12th. Wells Fargo & Company raised their target price on Antero Resources from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Bank of America lifted their target price on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Finally, TD Cowen upgraded Antero Resources to a “strong-buy” rating in a report on Monday, February 9th. Four equities research 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. Based on data from MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and an average target price of $46.00.

About Antero Resources

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.