Antero Resources Corp (NYSE:AR) Director James R. Levy sold 16,094,190 shares of Antero Resources stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $6.17, for a total transaction of $99,301,152.30. Following the sale, the director now directly owns 116,214 shares in the company, valued at approximately $717,040.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of NYSE:AR traded up $0.12 on Thursday, reaching $5.70. The company’s stock had a trading volume of 318,097 shares, compared to its average volume of 7,675,387. Antero Resources Corp has a 52-week low of $5.52 and a 52-week high of $22.69. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 0.39 and a beta of 0.91.
Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, May 1st. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). Antero Resources had a negative net margin of 9.58% and a positive return on equity of 3.70%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the company posted $0.44 earnings per share. Antero Resources’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, research analysts forecast that Antero Resources Corp will post 0.73 EPS for the current fiscal year.A number of equities analysts recently commented on the stock. Cowen assumed coverage on shares of Antero Resources in a research note on Tuesday, April 9th. They set a “market perform” rating and a $11.00 target price for the company. Goldman Sachs Group assumed coverage on shares of Antero Resources in a research note on Friday, April 12th. They set a “buy” rating and a $10.50 target price for the company. Tudor Pickering downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Capital One Financial downgraded shares of Antero Resources from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, March 20th. Finally, Stifel Nicolaus set a $17.00 price target on shares of Antero Resources and gave the company a “buy” rating in a research report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.36.
Several institutional investors have recently modified their holdings of the company. Board of Trustees of The Leland Stanford Junior University grew its position in Antero Resources by 198.0% during the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 6,693,966 shares of the oil and natural gas company’s stock worth $59,108,000 after buying an additional 4,447,772 shares during the period. Norges Bank acquired a new position in Antero Resources during the fourth quarter worth about $40,327,000. Baupost Group LLC MA grew its position in Antero Resources by 7.5% during the fourth quarter. Baupost Group LLC MA now owns 28,587,791 shares of the oil and natural gas company’s stock worth $268,439,000 after buying an additional 2,000,000 shares during the period. Thompson Siegel & Walmsley LLC grew its position in Antero Resources by 21.5% during the first quarter. Thompson Siegel & Walmsley LLC now owns 11,220,124 shares of the oil and natural gas company’s stock worth $99,074,000 after buying an additional 1,987,140 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Antero Resources in the first quarter valued at approximately $9,374,000. Institutional investors and hedge funds own 95.13% of the company’s stock.
Antero Resources Company Profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
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