Key Points
- Director Benjamin Hardesty sold 12,000 shares on March 19 at an average price of $44.00 for a total of $528,000, reducing his stake by 7.4% to 150,242 shares valued at about $6.61 million.
- Antero Resources beat estimates for the quarter with $0.62 EPS vs. $0.49 expected and revenue of $1.41 billion (up 20.8% year-over-year), while the stock trades near its one-year high and has a market cap of $13.36 billion.
- The consensus from analysts is a "Moderate Buy" with an average price target of $46 (mix of Strong Buy/Buy/Hold ratings), and institutional investors own about 83.04% of the shares.
Antero Resources Corporation (NYSE:AR - Get Free Report) Director Benjamin Hardesty sold 12,000 shares of the business's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total value of $528,000.00. Following the completion of the sale, the director owned 150,242 shares in the company, valued at approximately $6,610,648. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Antero Resources Stock Up 4.4%
Shares of NYSE AR opened at $43.31 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. The stock has a market capitalization of $13.36 billion, a PE ratio of 21.44 and a beta of 0.52. Antero Resources Corporation has a one year low of $29.10 and a one year high of $44.37. The business's fifty day moving average price is $35.58 and its 200-day moving average price is $34.27.
Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.13. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.33 billion. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The firm's revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. On average, equities research analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Antero Resources in a research note on Monday, December 29th. Morgan Stanley decreased their price target on Antero Resources from $48.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday, January 23rd. Tudor Pickering upgraded shares of Antero Resources from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 2nd. TD Cowen raised shares of Antero Resources to a "strong-buy" rating in a research note on Monday, February 9th. Finally, Jefferies Financial Group set a $50.00 target price on shares of Antero Resources in a research note on Friday, February 13th. Four research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Antero Resources presently has an average rating of "Moderate Buy" and an average price target of $46.00.
View Our Latest Report on Antero Resources
Institutional Trading of Antero Resources
Several large investors have recently added to or reduced their stakes in AR. NewEdge Advisors LLC raised its position 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 worth $389,000 after acquiring an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Antero Resources by 7.9% during the first 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 valued at $23,882,000 after purchasing an additional 43,312 shares in the last quarter. Focus Partners Wealth grew its stake in Antero Resources by 18.9% in the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company's stock worth $806,000 after purchasing an additional 3,169 shares during the period. Envestnet Asset Management Inc. raised its holdings 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 worth $1,772,000 after purchasing an additional 2,174 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Antero Resources by 3.9% during the second quarter. ProShare Advisors LLC now owns 12,945 shares of the oil and natural gas company's stock valued at $521,000 after buying an additional 484 shares during the period. Institutional investors own 83.04% of the company's stock.
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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