Antero Resources Co. (NYSE:AR) Director W Howard Keenan, Jr. Sells 300,000 Shares

Antero Resources Co. (NYSE:AR) Director W Howard Keenan, Jr. sold 300,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $34.23, for a total value of $10,269,000.00. Following the sale, the director now directly owns 2,162,993 shares in the company, valued at $74,039,250.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Antero Resources Stock Up 1.1 %

Shares of AR opened at $34.40 on Friday. Antero Resources Co. has a one year low of $19.91 and a one year high of $34.99. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 172.00 and a beta of 3.27. The stock has a 50 day moving average price of $29.41 and a 200 day moving average price of $25.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.17 billion. Equities research analysts forecast that Antero Resources Co. will post 0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AR shares. Truist Financial cut 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. Tudor, Pickering, Holt & Co. raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Wednesday, January 17th. JPMorgan Chase & Co. increased their target price on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 27th. StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Friday, April 26th. Finally, Raymond James increased their price target on Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, seven have given 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 company currently has an average rating of “Hold” and an average target price of $32.08.

Institutional Investors Weigh In On Antero Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its holdings in shares of Antero Resources by 49.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 81,591 shares of the oil and natural gas company’s stock worth $2,071,000 after buying an additional 27,005 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Antero Resources by 166.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 46,651 shares of the oil and natural gas company’s stock worth $1,184,000 after acquiring an additional 29,172 shares during the last quarter. Bank of New York Mellon Corp raised its position in Antero Resources by 34.5% in the third quarter. Bank of New York Mellon Corp now owns 3,826,549 shares of the oil and natural gas company’s stock valued at $97,118,000 after purchasing an additional 982,384 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Antero Resources by 21.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,876 shares of the oil and natural gas company’s stock valued at $1,444,000 after purchasing an additional 9,929 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Antero Resources by 17.0% in the 3rd quarter. Fifth Third Bancorp now owns 5,362 shares of the oil and natural gas company’s stock valued at $136,000 after purchasing an additional 781 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.