Antero Resources Co. (NYSE:AR) Director W Howard Keenan, Jr. Sells 200,000 Shares of Stock

Antero Resources Co. (NYSE:AR) Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the transaction, the director now owns 1,800,000 shares in the company, valued at $71,568,000. This represents a 10.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Antero Resources Stock Down 2.1 %

Shares of NYSE:AR opened at $39.50 on Friday. Antero Resources Co. has a 52-week low of $24.43 and a 52-week high of $41.53. The stock has a market cap of $12.29 billion, a P/E ratio of 123.45 and a beta of 3.33. The business has a fifty day moving average of $37.06 and a two-hundred day moving average of $31.50. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. On average, research analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AR. Barclays increased their target price on Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Raymond James upped their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Mizuho lifted their target price on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Finally, Citigroup raised their price target on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.44.

Institutional Trading of Antero Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in Antero Resources by 83.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock worth $928,000 after acquiring an additional 12,062 shares during the period. Geode Capital Management LLC grew its holdings in shares of Antero Resources by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after purchasing an additional 61,490 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Antero Resources by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after purchasing an additional 122,815 shares during the last quarter. Capital CS Group LLC purchased a new stake in Antero Resources in the 4th quarter valued at about $615,000. Finally, Franklin Resources Inc. lifted its position in Antero Resources by 40.6% in the third quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock valued at $21,209,000 after buying an additional 218,517 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.