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

Antero Resources Co. (NYSE:AR) Director W Howard Keenan, Jr. sold 200,000 shares of the company’s stock in a transaction 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 directly 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 document filed with the Securities & Exchange Commission, which is available through this link.

Antero Resources Stock Down 3.4 %

Shares of NYSE:AR opened at $38.18 on Friday. 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 Co. has a 52-week low of $24.43 and a 52-week high of $41.53. The stock’s fifty day simple moving average is $37.17 and its 200-day simple moving average is $31.59. The company has a market capitalization of $11.88 billion, a P/E ratio of 119.30 and a beta of 3.33.

Antero Resources (NYSE:AR) last issued 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 the consensus estimate of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, equities research analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund lifted its position in Antero Resources by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company’s stock worth $2,085,000 after buying an additional 300 shares during the period. Cetera Investment Advisers lifted its position in Antero Resources by 2.3% during the fourth quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company’s stock worth $493,000 after buying an additional 319 shares during the period. Net Worth Advisory Group lifted its position in Antero Resources by 2.2% during the fourth quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company’s stock worth $582,000 after buying an additional 354 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Antero Resources by 2.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company’s stock worth $503,000 after buying an additional 370 shares during the period. Finally, Caprock Group LLC lifted its position in Antero Resources by 0.6% during the fourth quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock worth $2,047,000 after buying an additional 374 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of recent analyst reports. Citigroup upped their price objective on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. The Goldman Sachs Group upped their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Truist Financial upped their target price on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday, January 13th. JPMorgan Chase & Co. upped their target price on Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. Finally, Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.44.

About Antero Resources

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.