Antero Resources Co. (NYSE:AR) Director W Howard Keenan, Jr. Sells 300,000 Shares

Antero Resources Co. (NYSE:AR) Director W Howard Keenan, Jr. sold 300,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $34.23, for a total transaction of $10,269,000.00. Following the transaction, the director now directly owns 2,162,993 shares in the company, valued at $74,039,250.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Antero Resources Stock Performance

Shares of NYSE:AR opened at $34.40 on Friday. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 172.00 and a beta of 3.27. The business’s fifty day moving average price is $29.41 and its two-hundred day moving average price is $25.85. Antero Resources Co. has a fifty-two week low of $19.91 and a fifty-two week high of $34.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on AR. Tudor, Pickering, Holt & Co. raised Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Wednesday, January 17th. Scotiabank raised their target price on Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. Morgan Stanley raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $26.00 to $36.00 in a research 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 stock a “strong-buy” rating in a report on Wednesday, January 24th. Finally, Mizuho increased their target price on shares of Antero Resources from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. One research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.08.

Institutional Investors Weigh In On Antero Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in shares of Antero Resources by 55.5% in the third quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company’s stock worth $200,036,000 after acquiring an additional 2,814,127 shares during the last quarter. Dimensional Fund Advisors LP raised its position 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 worth $128,352,000 after purchasing an additional 1,253,510 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in Antero Resources during the 1st quarter worth $35,734,000. Bank of New York Mellon Corp boosted its position in Antero Resources by 34.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,826,549 shares of the oil and natural gas company’s stock valued at $97,118,000 after buying an additional 982,384 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of Antero Resources in the 1st quarter valued at $25,288,000. 83.04% of the stock is owned by institutional investors and hedge funds.

About Antero Resources

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.