Key Points
- Michael Kennedy, an insider at Antero Resources, sold 185,826 shares on May 4 for about $7.31M at an average price of $39.33, executed under a pre-arranged Rule 10b5-1 trading plan.
- Following the sale Kennedy still holds 1,085,192 shares, representing a 14.62% reduction in his position and valued at roughly $42.68M.
- Antero trades near $39–40 with a market cap of about $12.27B; the company recently beat quarterly EPS and revenue estimates and carries a consensus analyst rating of Buy with an average target of $49.63.
Antero Resources Corporation (NYSE:AR - Get Free Report) insider Michael Kennedy sold 185,826 shares of the business's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.33, for a total value of $7,308,536.58. Following the sale, the insider owned 1,085,192 shares of the company's stock, valued at approximately $42,680,601.36. The trade was a 14.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Antero Resources Trading Up 1.8%
Shares of AR opened at $39.60 on Tuesday. The stock's fifty day simple moving average is $39.17 and its 200-day simple moving average is $35.75. The firm has a market capitalization of $12.27 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 0.37 and a beta of 0.36. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32.
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. Antero Resources had a return on equity of 7.80% and a net margin of 16.39%.The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the previous year, the business posted $0.48 EPS. The company's quarterly revenue was up 20.8% compared to the same quarter last year. As a group, research analysts predict that Antero Resources Corporation will post 4.04 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the company a "buy" rating in a report on Friday. Bank of America lifted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, April 21st. Benchmark upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and set a $44.00 target price for the company in a research report on Thursday, March 5th. Zacks Research raised Antero Resources from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 27th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $57.00 price target on shares of Antero Resources in a research report on Friday. Five investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Antero Resources currently has a consensus rating of "Buy" and an average target price of $49.63.
Get Our Latest Stock Report on Antero Resources
Institutional Investors Weigh In On Antero Resources
Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in Antero Resources by 16,498.3% in the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company's stock worth $389,000 after purchasing an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Antero Resources by 7.9% in 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 valued at $23,882,000 after buying an additional 43,312 shares during the period. Focus Partners Wealth increased its position in shares of 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. EverSource Wealth Advisors LLC increased its position in shares of Antero Resources by 701.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company's stock valued at $120,000 after buying an additional 2,616 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Antero Resources by 22.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company's stock worth $1,470,000 after buying an additional 6,700 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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