W Howard Keenan, Jr. Sells 100,000 Shares of Antero Resources Co. (NYSE:AR) Stock

Antero Resources Co. (NYSE:AR) Director W Howard Keenan, Jr. sold 100,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $34.53, for a total transaction of $3,453,000.00. Following the completion of the transaction, the director now directly owns 2,900,000 shares in the company, valued at approximately $100,137,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Antero Resources Stock Up 1.1 %

Shares of AR traded up $0.38 during trading hours on Thursday, hitting $34.40. The company had a trading volume of 3,032,737 shares, compared to its average volume of 4,924,525. The firm has a fifty day moving average price of $29.23 and a 200-day moving average price of $25.79. Antero Resources Co. has a 52-week low of $19.91 and a 52-week high of $34.99. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 170.08 and a beta of 3.27.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. On average, equities research analysts forecast that Antero Resources Co. will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AR has been the subject of a number of research reports. Truist Financial cut their price objective on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. Scotiabank lifted their price target on shares of Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research report on Friday, April 26th. Barclays initiated coverage on Antero Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price objective on the stock. Finally, Benchmark lowered Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.08.

Institutional Investors Weigh In On Antero Resources

Institutional investors have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. lifted its stake in Antero Resources by 11.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after acquiring an additional 343 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Antero Resources by 35.1% in the 1st quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock worth $58,000 after purchasing an additional 519 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock worth $62,000 after buying an additional 602 shares during the last quarter. Fifth Third Bancorp increased its holdings in Antero Resources by 17.0% during the third quarter. Fifth Third Bancorp now owns 5,362 shares of the oil and natural gas company’s stock valued at $136,000 after buying an additional 781 shares during the last quarter. Finally, Fund 1 Investments LLC raised its position in Antero Resources by 2.0% in the fourth quarter. Fund 1 Investments LLC now owns 40,800 shares of the oil and natural gas company’s stock worth $925,000 after acquiring an additional 800 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.