Antero Resources Co. (NYSE:AR - Get Free Report) Director Robert J. Clark sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total value of $336,700.00. Following the completion of the sale, the director now owns 69,963 shares of the company's stock, valued at approximately $2,355,654.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Antero Resources Price Performance
Shares of Antero Resources stock opened at $32.67 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a market cap of $10.15 billion, a PE ratio of 163.33 and a beta of 3.30. The business has a 50 day moving average of $28.27 and a 200 day moving average of $25.55. Antero Resources Co. has a 52 week low of $19.91 and a 52 week high of $34.69.
Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.04. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. As a group, equities research analysts forecast that Antero Resources Co. will post 0.33 earnings per share for the current year.
Analysts Set New Price Targets
Gold Set to EXPLODE!
From Gold Safe Exchange | Ad
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon.
In fact, some analysts predict a $7,000 price tag by 2025.
Click here now to download the free Precious Metals Buying Guide!
A number of analysts recently weighed in on the company. Mizuho boosted their target price on Antero Resources from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 3rd. Scotiabank boosted their target price on Antero Resources from $36.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Tuesday. Tudor, Pickering, Holt & Co. upgraded 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. Barclays started coverage on Antero Resources in a research report on Wednesday, April 10th. They issued an "equal weight" rating and a $32.00 target price for the company. Finally, Morgan Stanley upgraded Antero Resources from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $26.00 to $36.00 in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $32.08.
Check Out Our Latest Research Report on AR
Hedge Funds Weigh In On Antero Resources
Hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. raised its holdings in Antero Resources by 11.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company's stock worth $98,000 after purchasing an additional 343 shares in the last quarter. Lindbrook Capital LLC raised its holdings in Antero Resources by 35.1% in the first quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company's stock worth $58,000 after purchasing an additional 519 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company's stock worth $62,000 after purchasing an additional 602 shares in the last quarter. CWM LLC raised its holdings in Antero Resources by 33.9% in the third quarter. CWM LLC now owns 2,990 shares of the oil and natural gas company's stock worth $76,000 after purchasing an additional 757 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Antero Resources by 17.0% in the third quarter. Fifth Third Bancorp now owns 5,362 shares of the oil and natural gas company's stock worth $136,000 after purchasing an additional 781 shares in the last quarter. Institutional investors own 83.04% of the company's stock.
About Antero Resources
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
