Antero Resources Corp (NYSE:AR) Director Richard W. Connor sold 6,907 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $16.49, for a total value of $113,896.43. Following the sale, the director now directly owns 26,059 shares of the company’s stock, valued at $429,712.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of AR stock opened at $15.70 on Friday. The company has a market cap of $5.32 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.01 and a beta of 0.78. Antero Resources Corp has a 12-month low of $15.29 and a 12-month high of $22.69. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.63.
Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. Antero Resources had a return on equity of 2.80% and a net margin of 5.12%. The company’s revenue for the quarter was up 38.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 EPS. On average, equities research analysts expect that Antero Resources Corp will post 0.84 earnings per share for the current year.
AR has been the subject of several analyst reports. Credit Suisse Group reduced their price objective on Antero Resources from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, November 1st. Citigroup reduced their price objective on Antero Resources from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, August 13th. TD Securities reduced their price objective on Antero Resources from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. Scotiabank reaffirmed a “hold” rating and set a $26.00 price objective on shares of Antero Resources in a research note on Monday, October 1st. Finally, Zacks Investment Research downgraded Antero Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Antero Resources currently has a consensus rating of “Hold” and a consensus price target of $23.77.
Several hedge funds have recently modified their holdings of the company. BP Capital Fund Advisors LLC purchased a new position in shares of Antero Resources during the 3rd quarter worth approximately $3,434,000. DekaBank Deutsche Girozentrale raised its stake in shares of Antero Resources by 20.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 22,769 shares of the oil and natural gas company’s stock worth $443,000 after buying an additional 3,914 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in shares of Antero Resources in the 3rd quarter worth approximately $1,554,000. Rafferty Asset Management LLC grew its holdings in shares of Antero Resources by 41.5% in the 3rd quarter. Rafferty Asset Management LLC now owns 24,124 shares of the oil and natural gas company’s stock worth $427,000 after acquiring an additional 7,080 shares during the period. Finally, Twin Tree Management LP grew its holdings in shares of Antero Resources by 998.3% in the 3rd quarter. Twin Tree Management LP now owns 99,009 shares of the oil and natural gas company’s stock worth $1,753,000 after acquiring an additional 89,994 shares during the period. 94.66% of the stock is owned by institutional investors and hedge funds.
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Antero Resources Company Profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.
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