Insider Selling: Antero Resources Co. (NYSE:AR) Insider Sells 36,701 Shares of Stock

Antero Resources Co. (NYSE:AR – Get Rating) insider W Patrick Ash sold 36,701 shares of Antero Resources stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $38.89, for a total transaction of $1,427,301.89. Following the sale, the insider now owns 870,270 shares of the company’s stock, valued at $33,844,800.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Antero Resources Price Performance

Shares of NYSE AR opened at $35.75 on Friday. The firm has a market cap of $10.94 billion, a PE ratio of 13.29 and a beta of 3.68. The firm has a fifty day moving average of $37.14 and a 200 day moving average of $31.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 0.41. Antero Resources Co. has a one year low of $10.91 and a one year high of $48.80.

Antero Resources (NYSE:AR – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The oil and natural gas company reported $1.68 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.25). The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Antero Resources had a return on equity of 19.52% and a net margin of 16.24%. Antero Resources’s revenue was up 352.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. As a group, research analysts predict that Antero Resources Co. will post 6.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on AR shares. Raymond James lifted their price objective on shares of Antero Resources from $52.00 to $60.00 in a research note on Thursday, June 16th. Wells Fargo & Company lifted their target price on shares of Antero Resources from $38.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, July 11th. Benchmark lifted their target price on shares of Antero Resources from $37.00 to $50.00 in a report on Monday, April 11th. Morgan Stanley lifted their target price on shares of Antero Resources from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, June 6th. Finally, Mizuho cut their target price on shares of Antero Resources from $59.00 to $53.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and a consensus price target of $46.00.

Institutional Investors Weigh In On Antero Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. purchased a new stake in shares of Antero Resources during the second quarter worth $31,000. Riggs Asset Managment Co. Inc. grew its holdings in shares of Antero Resources by 63.5% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,040 shares of the oil and natural gas company’s stock worth $32,000 after buying an additional 404 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Antero Resources by 2,307.7% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,565 shares of the oil and natural gas company’s stock worth $48,000 after buying an additional 1,500 shares in the last quarter. Signaturefd LLC purchased a new stake in shares of Antero Resources during the first quarter worth $49,000. Finally, Quent Capital LLC grew its holdings in shares of Antero Resources by 55.5% during the first quarter. Quent Capital LLC now owns 1,774 shares of the oil and natural gas company’s stock worth $54,000 after buying an additional 633 shares in the last quarter. Hedge funds and other institutional investors own 76.27% of the company’s stock.

About Antero Resources

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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.