Short Interest in Antero Resources Corp (AR) Expands By 7.7%

Antero Resources Corp (NYSE:AR) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 41,368,118 shares, an increase of 7.7% from the February 15th total of 38,416,246 shares. Approximately 16.6% of the company’s shares are sold short. Based on an average trading volume of 7,923,230 shares, the days-to-cover ratio is presently 5.2 days.

In related news, insider Paul M. Rady bought 12,239 shares of Antero Resources stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $8.34 per share, with a total value of $102,073.26. Following the completion of the transaction, the insider now owns 9,579,520 shares in the company, valued at approximately $79,893,196.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 9.40% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Sterling Investment Advisors Ltd. boosted its stake in Antero Resources by 50.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 3,000 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 1,000 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in Antero Resources in the fourth quarter valued at approximately $45,000. Financial Architects Inc acquired a new stake in Antero Resources in the fourth quarter valued at approximately $56,000. Fuller & Thaler Asset Management Inc. boosted its stake in Antero Resources by 114.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,900 shares of the oil and natural gas company’s stock valued at $158,000 after acquiring an additional 4,750 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in Antero Resources in the third quarter valued at approximately $177,000. 97.28% of the stock is currently owned by institutional investors.

AR has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 target price on shares of Antero Resources in a research report on Monday, December 17th. Raymond James lowered shares of Antero Resources from an “outperform” rating to an “underperform” rating in a research report on Wednesday, December 19th. MKM Partners initiated coverage on shares of Antero Resources in a report on Wednesday, December 5th. They set a “buy” rating and a $17.00 price objective on the stock. TheStreet lowered shares of Antero Resources from a “c-” rating to a “d+” rating in a report on Thursday, February 7th. Finally, Guggenheim set a $19.00 price objective on shares of Antero Resources and gave the company a “buy” rating in a report on Thursday, February 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.05.

Shares of AR stock opened at $8.69 on Tuesday. The company has a market cap of $2.68 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 13.62 and a beta of 0.98. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95. Antero Resources has a 52-week low of $7.63 and a 52-week high of $22.69.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 13th. The oil and natural gas company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.09. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a negative net margin of 9.60% and a positive return on equity of 3.67%. Antero Resources’s revenue was up 34.5% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. Sell-side analysts anticipate that Antero Resources will post 0.03 earnings per share for the current fiscal year.

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About Antero Resources

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, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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