K. Phil Yoo Sells 10,865 Shares of Antero Resources Corporation (AR) Stock
Antero Resources Corporation (NYSE:AR) insider K. Phil Yoo sold 10,865 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $19.25, for a total value of $209,151.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Antero Resources Corporation (AR) traded up $0.66 during trading hours on Friday, reaching $19.92. The company’s stock had a trading volume of 2,501,198 shares, compared to its average volume of 3,499,188. Antero Resources Corporation has a 52-week low of $17.89 and a 52-week high of $27.23. The company has a market capitalization of $6,287.41, a PE ratio of 104.84 and a beta of 0.95. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.54.
Antero Resources Corporation (NYSE:AR) last announced its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $798.88 million. During the same quarter last year, the company earned $0.18 earnings per share. equities research analysts forecast that Antero Resources Corporation will post -0.02 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. Evergreen Capital Management LLC bought a new stake in Antero Resources Corporation in the second quarter valued at $3,110,000. BlackRock Inc. grew its position in Antero Resources Corporation by 2,440.4% in the first quarter. BlackRock Inc. now owns 8,550,873 shares of the oil and natural gas company’s stock valued at $195,044,000 after acquiring an additional 8,214,276 shares during the period. Delta Lloyd Asset Management N.V. bought a new stake in Antero Resources Corporation in the second quarter valued at $1,373,000. Caymus Capital Partners L.P. grew its position in Antero Resources Corporation by 34.5% in the second quarter. Caymus Capital Partners L.P. now owns 4,369,500 shares of the oil and natural gas company’s stock valued at $94,425,000 after acquiring an additional 1,121,300 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Antero Resources Corporation by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 1,801,717 shares of the oil and natural gas company’s stock valued at $38,934,000 after acquiring an additional 11,737 shares during the period. Hedge funds and other institutional investors own 93.55% of the company’s stock.
A number of research analysts have recently commented on the company. Jefferies Group LLC set a $20.00 price target on Antero Resources Corporation and gave the stock a “hold” rating in a report on Friday. Barclays PLC cut their price target on Antero Resources Corporation from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Tuesday, August 8th. BMO Capital Markets reiterated a “buy” rating on shares of Antero Resources Corporation in a report on Friday, September 22nd. Cowen and Company reiterated a “hold” rating and set a $25.00 price target on shares of Antero Resources Corporation in a report on Tuesday, September 12th. Finally, Scotiabank set a $26.00 price target on Antero Resources Corporation and gave the stock a “buy” rating in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.68.
About Antero Resources Corporation
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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