Insider Selling: Antero Resources Co. (NYSE:AR) Director Sells 200,000 Shares of Stock

Antero Resources Co. (NYSE:AR) Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the transaction, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Antero Resources Trading Down 3.4 %

AR opened at $38.18 on Friday. The stock has a market capitalization of $11.88 billion, a PE ratio of 119.30 and a beta of 3.33. The firm’s fifty day moving average price is $37.17 and its 200 day moving average price is $31.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. Antero Resources Co. has a 12-month low of $24.43 and a 12-month high of $41.53.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. As a group, research analysts expect that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on AR shares. Truist Financial raised their price objective on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, January 13th. UBS Group raised their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. Bank of America began coverage on Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 target price for the company. Finally, Mizuho increased their target price on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and an average target price of $39.44.

Institutional Trading of Antero Resources

A number of institutional investors and hedge funds have recently modified their holdings of the business. GF Fund Management CO. LTD. acquired a new stake in shares of Antero Resources during the fourth quarter worth $3,112,000. Public Employees Retirement System of Ohio raised its holdings in shares of Antero Resources by 53.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 161,912 shares of the oil and natural gas company’s stock worth $5,675,000 after purchasing an additional 56,561 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Antero Resources during the fourth quarter worth $81,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Antero Resources by 4.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 547,243 shares of the oil and natural gas company’s stock worth $19,181,000 after purchasing an additional 25,536 shares during the period. Finally, Voloridge Investment Management LLC acquired a new stake in shares of Antero Resources during the fourth quarter worth $4,166,000. 83.04% of the stock is owned by institutional investors and hedge funds.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.