Insider Selling: Antero Resources Co. (NYSE:AR) Director Sells 10,000 Shares of Stock

Antero Resources Co. (NYSE:ARGet Rating) Director Robert J. Clark sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $35.00, for a total transaction of $350,000.00. Following the transaction, the director now directly owns 74,615 shares in the company, valued at approximately $2,611,525. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

AR traded up $1.00 during trading hours on Monday, hitting $36.28. 8,254,274 shares of the company’s stock were exchanged, compared to its average volume of 8,525,881. Antero Resources Co. has a 12-month low of $8.81 and a 12-month high of $37.34. The firm has a 50 day moving average of $26.43 and a 200 day moving average of $21.60. The firm has a market cap of $11.39 billion, a P/E ratio of -42.44 and a beta of 4.11. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.35.

Antero Resources (NYSE:ARGet Rating) last announced its earnings results on Wednesday, February 16th. The oil and natural gas company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.17). Antero Resources had a positive return on equity of 7.44% and a negative net margin of 4.04%. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the company earned ($0.05) earnings per share. Antero Resources’s quarterly revenue was up 82.9% on a year-over-year basis. As a group, research analysts expect that Antero Resources Co. will post 4.43 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Versor Investments LP grew its holdings in Antero Resources by 5.9% during the 4th quarter. Versor Investments LP now owns 10,700 shares of the oil and natural gas company’s stock worth $187,000 after acquiring an additional 600 shares in the last quarter. NEXT Financial Group Inc grew its holdings in Antero Resources by 6.8% during the 4th quarter. NEXT Financial Group Inc now owns 10,684 shares of the oil and natural gas company’s stock worth $187,000 after acquiring an additional 684 shares in the last quarter. Carolina Wealth Advisors LLC grew its holdings in Antero Resources by 6.8% during the 1st quarter. Carolina Wealth Advisors LLC now owns 15,902 shares of the oil and natural gas company’s stock worth $485,000 after acquiring an additional 1,008 shares in the last quarter. Capital Analysts LLC grew its holdings in Antero Resources by 5.0% during the 4th quarter. Capital Analysts LLC now owns 25,541 shares of the oil and natural gas company’s stock worth $447,000 after acquiring an additional 1,214 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in Antero Resources by 6.7% during the 4th quarter. LPL Financial LLC now owns 20,537 shares of the oil and natural gas company’s stock worth $359,000 after acquiring an additional 1,294 shares in the last quarter. Institutional investors own 77.17% of the company’s stock.

A number of research analysts have commented on the stock. StockNews.com initiated coverage on shares of Antero Resources in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley reduced their price target on shares of Antero Resources from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 25th. Mizuho boosted their price target on shares of Antero Resources from $28.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, April 8th. BMO Capital Markets raised shares of Antero Resources from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $27.00 to $28.00 in a research note on Monday, January 10th. Finally, The Goldman Sachs Group raised shares of Antero Resources from a “neutral” rating to a “buy” rating and boosted their price target for the company from $21.00 to $24.00 in a research note on Friday, January 21st. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $30.90.

Antero Resources Company Profile (Get Rating)

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale.

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