Antero Resources (NYSE:AR) Trading Down 5.3% Following Insider Selling

Antero Resources Corp (NYSE:AR)’s share price traded down 5.3% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $5.74 and last traded at $5.76. 9,592,703 shares were traded during mid-day trading, an increase of 44% from the average session volume of 6,648,634 shares. The stock had previously closed at $6.08.

Specifically, Director James R. Levy sold 16,094,190 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $6.17, for a total transaction of $99,301,152.30. Following the completion of the transaction, the director now directly owns 116,214 shares in the company, valued at $717,040.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul M. Rady bought 12,200 shares of Antero Resources stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $8.30 per share, with a total value of $101,260.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 60,250 shares of company stock valued at $431,322. 9.40% of the stock is owned by company insiders.

A number of equities analysts recently weighed in on the company. Macquarie started coverage on Antero Resources in a report on Wednesday, May 29th. They set an “underperform” rating and a $5.50 price objective on the stock. Guggenheim set a $19.00 target price on Antero Resources and gave the stock a “buy” rating in a research note on Thursday, February 14th. Tudor Pickering lowered Antero Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Capital One Financial cut shares of Antero Resources from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, March 20th. Finally, Goldman Sachs Group started coverage on shares of Antero Resources in a research report on Friday, April 12th. They set a “buy” rating and a $10.50 price target on the stock. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.36.

The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market cap of $1.80 billion, a P/E ratio of 7.48, a P/E/G ratio of 0.44 and a beta of 0.91.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, May 1st. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). Antero Resources had a negative net margin of 9.58% and a positive return on equity of 3.70%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. Equities analysts expect that Antero Resources Corp will post 0.73 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its stake in shares of Antero Resources by 3,191.9% during the first quarter. Quadrant Capital Group LLC now owns 3,654 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 3,543 shares during the period. SEI Investments Co boosted its stake in shares of Antero Resources by 59.4% during the first quarter. SEI Investments Co now owns 7,457 shares of the oil and natural gas company’s stock valued at $66,000 after purchasing an additional 2,780 shares during the period. Commonwealth Bank of Australia boosted its stake in shares of Antero Resources by 1,440.0% during the first quarter. Commonwealth Bank of Australia now owns 7,700 shares of the oil and natural gas company’s stock valued at $66,000 after purchasing an additional 7,200 shares during the period. Comerica Bank purchased a new stake in shares of Antero Resources during the first quarter valued at approximately $87,000. Finally, TD Asset Management Inc. purchased a new stake in shares of Antero Resources during the fourth quarter valued at approximately $98,000. Institutional investors and hedge funds own 95.20% of the company’s stock.

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Antero Resources Company Profile (NYSE:AR)

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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