Key Points
- Yvette Schultz sold 15,000 shares of Antero Resources on March 9 at an average price of $39.33 for proceeds of $589,950, cutting her stake by 4.49% to 319,122 shares valued at about $12.55M.
- Antero beat expectations last quarter with $0.62 EPS versus $0.49 expected and $1.41B in revenue (vs. $1.33B), with revenue up 20.8% year-over-year; analysts forecast about 2.74 EPS for the current year.
- The stock trades near $37.43 with a market cap of roughly $11.6B and a P/E of 18.5, and analysts' consensus rating is a Moderate Buy with an average price target of $45.87.
Antero Resources Corporation (NYSE:AR - Get Free Report) insider Yvette Schultz sold 15,000 shares of the company's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $39.33, for a total transaction of $589,950.00. Following the sale, the insider owned 319,122 shares of the company's stock, valued at $12,551,068.26. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Antero Resources Price Performance
NYSE AR opened at $37.43 on Wednesday. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $44.01. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market capitalization of $11.55 billion, a PE ratio of 18.53 and a beta of 0.52. The stock has a 50-day simple moving average of $34.48 and a 200 day simple moving average of $33.83.
Antero Resources (NYSE:AR - Get Free Report) last released its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.13. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the firm posted $0.48 EPS. The company's revenue was up 20.8% on a year-over-year basis. Research analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its stake in shares of Antero Resources by 16,498.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company's stock valued at $389,000 after purchasing an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Antero Resources by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company's stock worth $23,882,000 after buying an additional 43,312 shares during the period. Focus Partners Wealth boosted its stake in Antero Resources by 18.9% in the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company's stock valued at $806,000 after buying an additional 3,169 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Antero Resources by 5.2% in the second quarter. Envestnet Asset Management Inc. now owns 43,990 shares of the oil and natural gas company's stock valued at $1,772,000 after acquiring an additional 2,174 shares during the period. Finally, Huntington National Bank grew its position in Antero Resources by 91.3% in the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company's stock valued at $26,000 after acquiring an additional 313 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Bank of America raised their price target on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Wednesday, December 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Antero Resources in a research report on Monday, December 29th. TD Cowen raised Antero Resources to a "strong-buy" rating in a research report on Monday, February 9th. Wall Street Zen lowered Antero Resources from a "hold" rating to a "sell" rating in a research note on Friday, November 28th. Finally, Wells Fargo & Company upped their price target on Antero Resources from $49.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, February 13th. Four analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Antero Resources presently has a consensus rating of "Moderate Buy" and an average price target of $45.87.
Get Our Latest Stock Analysis on Antero Resources
Antero Resources Company Profile
(
Get Free Report)
Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company's operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero's portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.
Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.
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