Key Points
- Insider sale: Yvette Schultz sold 39,490 shares on May 4 at an average of $39.27 for proceeds of $1,550,772.30, reducing her position by 12.45% to 277,665 shares valued at about $10.9M, per the SEC filing.
- Company performance and sentiment: Antero beat Q earnings (EPS $0.62 vs $0.49 est.) and posted revenue of $1.41B (+20.8% YoY), and analysts are generally bullish with an average "Buy" rating and a mean price target of $49.63 (some targets up to $57).
Antero Resources Corporation (NYSE:AR - Get Free Report) insider Yvette Schultz sold 39,490 shares of the business's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.27, for a total value of $1,550,772.30. Following the sale, the insider owned 277,665 shares of the company's stock, valued at $10,903,904.55. The trade was a 12.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Antero Resources Stock Down 1.0%
Shares of NYSE:AR opened at $39.15 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The stock has a market capitalization of $12.13 billion, a P/E ratio of 12.71, a PEG ratio of 0.38 and a beta of 0.36. The stock has a 50-day simple moving average of $39.25 and a 200-day simple moving average of $35.79.
Antero Resources (NYSE:AR - Get Free Report) last issued its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.13. Antero Resources had a return on equity of 7.80% and a net margin of 16.39%.The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the previous year, the business earned $0.48 EPS. The company's revenue for the quarter was up 20.8% on a year-over-year basis. Equities analysts forecast that Antero Resources Corporation will post 4.04 earnings per share for the current year.
Hedge Funds Weigh In On Antero Resources
A number of institutional investors have recently made changes to their positions 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 valued at $389,000 after purchasing an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 purchasing an additional 43,312 shares in the last quarter. Focus Partners Wealth raised 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 purchasing an additional 3,169 shares in the last quarter. EverSource Wealth Advisors LLC raised 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 purchasing an additional 2,616 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Antero Resources by 22.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company's stock valued at $1,470,000 after purchasing an additional 6,700 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on AR shares. Citigroup upped their price target on Antero Resources from $39.00 to $53.00 and gave the stock a "buy" rating in a report on Tuesday, March 31st. Jefferies Financial Group restated a "buy" rating and issued a $57.00 price target on shares of Antero Resources in a report on Friday, May 1st. Roth Mkm restated a "neutral" rating and issued a $38.00 price target on shares of Antero Resources in a report on Thursday, April 30th. UBS Group upped their price target on Antero Resources from $54.00 to $56.00 and gave the stock a "buy" rating in a report on Friday. Finally, TD Cowen upgraded Antero Resources to a "strong-buy" rating in a report on Monday, February 9th. Five research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $49.63.
Check Out Our Latest Report on Antero Resources
About Antero Resources
(
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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