Antero Resources (NYSE:AR) Director Sells $528,000.00 in Stock

Antero Resources Corporation (NYSE:AR) Director Benjamin Hardesty sold 12,000 shares of the company’s 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 of the company’s stock, valued at $6,610,648. This represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Antero Resources Stock Performance

AR opened at $43.19 on Friday. The firm’s fifty day simple moving average is $35.81 and its two-hundred day simple moving average is $34.36. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $44.37. The company has a market cap of $13.32 billion, a price-to-earnings ratio of 21.38 and a beta of 0.52. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $1.41 billion during 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 company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. Equities analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Antero Resources

A number of large investors have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new position in Antero Resources during the third quarter worth approximately $26,000. Sunbelt Securities Inc. purchased a new stake in Antero Resources in the 3rd quarter valued at $30,000. IFP Advisors Inc grew its holdings in Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Antero Resources by 114.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock worth $38,000 after acquiring an additional 500 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Antero Resources in the 4th quarter worth $41,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AR shares. Bank of America increased their target price on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. TD Cowen upgraded Antero Resources to a “strong-buy” rating in a research report on Monday, February 9th. Benchmark upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Thursday, March 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $39.00 target price (down from $44.00) on shares of Antero Resources in a research note on Monday, December 8th. Finally, Jefferies Financial Group set a $50.00 target price on shares of Antero Resources in a report on Friday, February 13th. Four equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

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.