Antero Resources Co. (NYSE:AR) Director W Howard Keenan, Jr. Sells 200,000 Shares

Antero Resources Co. (NYSE:AR) Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the sale, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Antero Resources Trading Down 2.1 %

Shares of NYSE:AR traded down $0.85 on Thursday, hitting $39.50. 3,525,543 shares of the company’s stock were exchanged, compared to its average volume of 4,858,738. The business’s 50 day simple moving average is $36.93 and its two-hundred day simple moving average is $31.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $12.29 billion, a price-to-earnings ratio of 123.45 and a beta of 3.33. Antero Resources Co. has a 12 month low of $24.43 and a 12 month high of $41.53.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

AR has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. Bank of America assumed coverage on shares of Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price objective for the company. Mizuho raised their target price on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Finally, Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus price target of $39.44.

Institutional Investors Weigh In On Antero Resources

Institutional investors have recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. bought a new position in Antero Resources in the fourth quarter worth about $3,112,000. Public Employees Retirement System of Ohio grew its stake in shares of Antero Resources by 53.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 161,912 shares of the oil and natural gas company’s stock worth $5,675,000 after acquiring an additional 56,561 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Antero Resources during the fourth quarter valued at about $81,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Antero Resources by 4.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 547,243 shares of the oil and natural gas company’s stock valued at $19,181,000 after purchasing an additional 25,536 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in Antero Resources in the 4th quarter worth approximately $4,166,000. Institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

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.