Shares of Antero Resources Corporation (NYSE:AR) dropped 1.8% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $18.81 and last traded at $19.89. Approximately 3,073,300 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 3,363,600 shares. The stock had previously closed at $20.26.

Specifically, insider Kevin J. Kilstrom sold 82,760 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $19.99, for a total transaction of $1,654,372.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.20% of the stock is currently owned by corporate insiders.

AR has been the subject of a number of research analyst reports. Citigroup Inc. cut their price objective on shares of Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Robert W. Baird reaffirmed a “buy” rating and set a $38.00 price objective on shares of Antero Resources Corporation in a research report on Sunday, September 10th. Morgan Stanley cut their price objective on shares of Antero Resources Corporation from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. Zacks Investment Research raised shares of Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, July 21st. Finally, Jefferies Group LLC assumed coverage on shares of Antero Resources Corporation in a research report on Monday, October 9th. They issued a “hold” rating and a $21.00 price target for the company. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $27.74.

The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $6,394.71, a price-to-earnings ratio of 106.63 and a beta of 0.95.

Antero Resources Corporation (NYSE:AR) last released its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a negative net margin of 12.82% and a positive return on equity of 0.78%. The company had revenue of $775.30 million for the quarter, compared to the consensus estimate of $798.88 million. During the same period last year, the company earned $0.18 earnings per share. sell-side analysts anticipate that Antero Resources Corporation will post -0.02 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baupost Group LLC MA grew its stake in shares of Antero Resources Corporation by 12.9% during the third quarter. Baupost Group LLC MA now owns 23,912,257 shares of the oil and natural gas company’s stock valued at $475,854,000 after purchasing an additional 2,741,261 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Antero Resources Corporation by 6.5% during the second quarter. Vanguard Group Inc. now owns 17,760,019 shares of the oil and natural gas company’s stock valued at $383,794,000 after purchasing an additional 1,091,065 shares during the last quarter. BlackRock Inc. grew its stake in shares of Antero Resources Corporation by 18.7% during the second quarter. BlackRock Inc. now owns 10,146,431 shares of the oil and natural gas company’s stock valued at $219,264,000 after purchasing an additional 1,595,558 shares during the last quarter. Sound Shore Management Inc. CT grew its stake in shares of Antero Resources Corporation by 5.6% during the third quarter. Sound Shore Management Inc. CT now owns 9,932,900 shares of the oil and natural gas company’s stock valued at $197,665,000 after purchasing an additional 526,500 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Antero Resources Corporation by 13.6% during the second quarter. State Street Corp now owns 8,187,581 shares of the oil and natural gas company’s stock valued at $176,939,000 after purchasing an additional 978,883 shares during the last quarter. 93.55% of the stock is currently owned by institutional investors and hedge funds.

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Antero Resources Corporation Company Profile

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

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