Antero Resources Sees Unusually Large Options Volume (AR)
Antero Resources Corp (NYSE:AR) was the recipient of unusually large options trading activity on Thursday. Traders acquired 12,854 put options on the stock. This represents an increase of 3,531% compared to the typical daily volume of 354 put options.
In other Antero Resources news, Director Richard W. Connor sold 6,907 shares of Antero Resources stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $16.49, for a total transaction of $113,896.43. Following the transaction, the director now directly owns 26,059 shares in the company, valued at approximately $429,712.91. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 9.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Pennant Investors LP acquired a new position in Antero Resources during the 3rd quarter worth $17,710,000. Verition Fund Management LLC acquired a new position in Antero Resources during the 3rd quarter worth $314,000. BlueMountain Capital Management LLC lifted its position in Antero Resources by 53.1% during the 3rd quarter. BlueMountain Capital Management LLC now owns 153,419 shares of the oil and natural gas company’s stock worth $2,717,000 after acquiring an additional 53,238 shares during the last quarter. Paloma Partners Management Co acquired a new position in Antero Resources during the 3rd quarter worth $584,000. Finally, Riverhead Capital Management LLC acquired a new position in Antero Resources during the 3rd quarter worth $416,000. 94.95% of the stock is owned by institutional investors and hedge funds.
Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Antero Resources had a net margin of 5.12% and a return on equity of 2.80%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company posted $0.01 EPS. Antero Resources’s revenue was up 38.6% on a year-over-year basis. As a group, equities analysts expect that Antero Resources will post 0.84 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the stock. BMO Capital Markets cut shares of Antero Resources from an “outperform” rating to a “market perform” rating in a research report on Friday, September 21st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Antero Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Jefferies Financial Group reiterated a “hold” rating and set a $22.00 price objective on shares of Antero Resources in a research report on Friday, July 20th. Scotiabank reiterated a “hold” rating and set a $26.00 price objective on shares of Antero Resources in a research report on Monday, October 1st. Finally, Citigroup lowered their price objective on shares of Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Antero Resources presently has an average rating of “Hold” and an average target price of $22.90.
About Antero Resources
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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