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 company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total transaction of $336,700.00. Following the sale, the director now directly owns 69,963 shares of the company’s stock, valued at approximately $2,355,654.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Antero Resources Stock Performance

Antero Resources stock opened at $32.67 on Thursday. The business has a 50 day moving average of $28.27 and a 200-day moving average of $25.55. Antero Resources Co. has a 1 year low of $19.91 and a 1 year high of $34.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $10.15 billion, a P/E ratio of 163.33 and a beta of 3.30.

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

Analysts Set New Price Targets

AR has been the subject of several recent analyst reports. Benchmark cut shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Raymond James upped their price objective on shares of Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 24th. Morgan Stanley raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $26.00 to $36.00 in a report on Wednesday, April 17th. Tudor, Pickering, Holt & Co. raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Wednesday, January 17th. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Antero Resources presently has a consensus rating of “Hold” and a consensus target price of $32.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in Antero Resources by 1,311.8% during the 1st 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 period. Lindbrook Capital LLC increased its position in Antero Resources by 81.5% during the 4th 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 period. Mather Group LLC. acquired a new stake in Antero Resources during the 1st quarter valued at approximately $37,000. Planned Solutions Inc. acquired a new stake in Antero Resources during the 4th quarter valued at approximately $45,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Antero Resources during the 3rd quarter valued at approximately $47,000. 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.