Antero Resources (NYSE:AR – Get Free Report) released its quarterly earnings results on Wednesday. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01), Yahoo Finance reports. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 earnings per share.
Antero Resources Stock Up 6.2 %
Antero Resources stock opened at $33.38 on Friday. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of 166.90 and a beta of 3.30. Antero Resources has a 52 week low of $19.91 and a 52 week high of $33.61. The business’s 50-day moving average price is $27.45 and its 200 day moving average price is $25.38. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21.
Insider Activity at Antero Resources
In other Antero Resources news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the sale, the director now owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the completion of the sale, the director now owns 3,000,000 shares in the company, valued at $77,550,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 467,280 shares of company stock valued at $12,153,605. 5.95% of the stock is owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Research Report on Antero Resources
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.
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