Antero Resources Co. (NYSE:AR) Director Robert J. Clark Sells 10,000 Shares

Antero Resources Co. (NYSE:AR) Director Robert J. Clark sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total transaction of $336,700.00. Following the completion of the transaction, the director now owns 69,963 shares of the company’s stock, valued at approximately $2,355,654.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Antero Resources Trading Up 1.5 %

Shares of AR opened at $33.14 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average is $28.70 and its two-hundred day moving average is $25.69. Antero Resources Co. has a twelve month low of $19.91 and a twelve month high of $34.69. The firm has a market capitalization of $10.30 billion, a P/E ratio of 165.70 and a beta of 3.27.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. On average, research analysts predict that Antero Resources Co. will post 0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Benchmark downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Truist Financial reduced their target price on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. Raymond James upped their target price on shares of Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. upped their target price on shares of Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Finally, Wells Fargo & Company upped their target price on shares of Antero Resources from $35.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its position in shares of Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 892 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of Antero Resources by 81.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after purchasing an additional 664 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Antero Resources in the first quarter valued at approximately $37,000. Planned Solutions Inc. acquired a new stake in shares of Antero Resources in the fourth quarter valued at approximately $45,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Antero Resources in the third quarter valued at approximately $47,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.