Antero Resources Co. (NYSE:AR) Insider Michael N. Kennedy Sells 50,000 Shares

Antero Resources Co. (NYSE:ARGet Free Report) insider Michael N. Kennedy sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $33.72, for a total transaction of $1,686,000.00. Following the sale, the insider now directly owns 1,032,251 shares of the company’s stock, valued at approximately $34,807,503.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Antero Resources Stock Performance

NYSE AR opened at $33.95 on Wednesday. The firm has a market capitalization of $10.55 billion, a P/E ratio of 169.75 and a beta of 3.27. The stock has a 50-day simple moving average of $29.83 and a two-hundred day simple moving average of $25.92. 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 Co. has a fifty-two week low of $19.91 and a fifty-two week high of $34.99.

Antero Resources (NYSE:ARGet Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share 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 analysts’ expectations of $1.17 billion. On average, equities analysts forecast that Antero Resources Co. will post 0.33 earnings per share for the current year.

Analyst Ratings Changes

AR has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Antero Resources from $35.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Morgan Stanley raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $26.00 to $36.00 in a report on Wednesday, April 17th. Raymond James boosted their price objective 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. Mizuho raised their target price on Antero Resources from $29.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Scotiabank lifted their price target on Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources presently has an average rating of “Hold” and an average price target of $32.69.

Check Out Our Latest Stock Report on AR

Institutional Investors Weigh In On Antero Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Antero Resources by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock worth $813,932,000 after purchasing an additional 372,450 shares during the period. Wellington Management Group LLP raised its stake in shares of Antero Resources by 33.7% during the 4th quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock worth $238,985,000 after buying an additional 2,655,604 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Antero Resources by 11.6% during the 1st quarter. Bank of New York Mellon Corp now owns 8,840,690 shares of the oil and natural gas company’s stock valued at $256,380,000 after buying an additional 917,338 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Antero Resources by 28.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock valued at $128,352,000 after acquiring an additional 1,253,510 shares during the period. Finally, Eagle Asset Management Inc. increased its holdings in Antero Resources by 9.3% in the 4th quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock worth $75,761,000 after acquiring an additional 285,485 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Antero Resources (NYSE:AR)

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