Paul M. Rady Purchases 12,239 Shares of Antero Resources Corp (AR) Stock

Antero Resources Corp (NYSE:AR) insider Paul M. Rady purchased 12,239 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were acquired at an average cost of $8.34 per share, for a total transaction of $102,073.26. Following the completion of the transaction, the insider now directly owns 9,579,520 shares in the company, valued at $79,893,196.80. The purchase was disclosed in a filing with the SEC, which is available through this link.

Shares of AR stock traded up $0.22 on Thursday, reaching $8.55. The stock had a trading volume of 250,257 shares, compared to its average volume of 8,063,988. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 13.62 and a beta of 0.98. Antero Resources Corp has a 12 month low of $7.63 and a 12 month high of $22.69.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 13th. The oil and natural gas company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.09. Antero Resources had a negative net margin of 9.60% and a positive return on equity of 3.67%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business earned $0.33 EPS. Antero Resources’s quarterly revenue was up 34.5% on a year-over-year basis. Sell-side analysts predict that Antero Resources Corp will post 0.03 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in AR. Russell Investments Group Ltd. grew its stake in Antero Resources by 113.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 134,172 shares of the oil and natural gas company’s stock valued at $2,377,000 after buying an additional 71,317 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Antero Resources in the 3rd quarter valued at about $2,717,000. Wells Fargo & Company MN grew its stake in Antero Resources by 14.4% in the 3rd quarter. Wells Fargo & Company MN now owns 243,880 shares of the oil and natural gas company’s stock valued at $4,319,000 after buying an additional 30,775 shares during the last quarter. Achmea Investment Management B.V. acquired a new position in Antero Resources in the 3rd quarter valued at about $499,000. Finally, SG Americas Securities LLC grew its stake in Antero Resources by 497.4% in the 3rd quarter. SG Americas Securities LLC now owns 115,125 shares of the oil and natural gas company’s stock valued at $2,039,000 after buying an additional 95,853 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

AR has been the topic of several analyst reports. ValuEngine cut shares of Antero Resources from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 15th. MKM Partners initiated coverage on shares of Antero Resources in a research report on Wednesday, December 5th. They set a “buy” rating and a $17.00 price target on the stock. Zacks Investment Research cut shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Jefferies Financial Group reissued a “hold” rating and set a $13.00 price target on shares of Antero Resources in a research report on Monday, December 17th. Finally, Raymond James cut shares of Antero Resources from an “outperform” rating to an “underperform” rating in a research report on Wednesday, December 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Antero Resources currently has a consensus rating of “Hold” and a consensus target price of $19.05.

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About Antero Resources

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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