Benjamin A. Hardesty Sells 1,000 Shares of Antero Resources Corp (AR) Stock

Antero Resources Corp (NYSE:AR) Director Benjamin A. Hardesty sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $13.50, for a total value of $13,500.00. Following the completion of the sale, the director now owns 38,570 shares of the company’s stock, valued at $520,695. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Antero Resources stock traded down $0.03 during trading hours on Friday, hitting $13.86. The company’s stock had a trading volume of 126,273 shares, compared to its average volume of 6,313,638. Antero Resources Corp has a twelve month low of $13.28 and a twelve month high of $22.69. The firm has a market cap of $4.40 billion, a PE ratio of 115.50, a price-to-earnings-growth ratio of 0.84 and a beta of 0.78. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.63.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. Antero Resources had a return on equity of 2.80% and a net margin of 5.12%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the company posted $0.01 EPS. The company’s quarterly revenue was up 38.6% on a year-over-year basis. As a group, equities analysts expect that Antero Resources Corp will post 0.83 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its holdings in Antero Resources by 3.6% during the 2nd quarter. Rhumbline Advisers now owns 237,944 shares of the oil and natural gas company’s stock worth $5,080,000 after purchasing an additional 8,372 shares during the period. grace capital purchased a new stake in Antero Resources during the 2nd quarter worth about $278,000. Oregon Public Employees Retirement Fund increased its holdings in Antero Resources by 72.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 68,725 shares of the oil and natural gas company’s stock worth $1,467,000 after purchasing an additional 28,803 shares during the period. Advisors Capital Management LLC increased its holdings in Antero Resources by 7.2% during the 3rd quarter. Advisors Capital Management LLC now owns 124,213 shares of the oil and natural gas company’s stock worth $2,200,000 after purchasing an additional 8,302 shares during the period. Finally, United Services Automobile Association increased its holdings in Antero Resources by 125.6% during the 2nd quarter. United Services Automobile Association now owns 1,169,417 shares of the oil and natural gas company’s stock worth $53,934,000 after purchasing an additional 651,000 shares during the period. 94.98% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on AR. BMO Capital Markets cut Antero Resources from an “outperform” rating to a “market perform” rating in a report on Friday, September 21st. They noted that the move was a valuation call. Zacks Investment Research upgraded Antero Resources from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Scotiabank reaffirmed a “hold” rating and issued a $26.00 price target on shares of Antero Resources in a research note on Monday, October 1st. Citigroup decreased their price target on Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, August 13th. Finally, TD Securities decreased their price target on Antero Resources from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, August 2nd. One 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 currently has a consensus rating of “Hold” and a consensus target price of $22.90.

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Antero Resources Company Profile

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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