Antero Resources (NYSE:AR) Insider Brendan Krueger Acquires 5,000 Shares

Antero Resources Corporation (NYSE:AR) insider Brendan Krueger purchased 5,000 shares of Antero Resources stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $33.35 per share, for a total transaction of $166,750.00. Following the acquisition, the insider owned 295,917 shares in the company, valued at $9,868,831.95. This trade represents a 1.72% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Antero Resources Trading Up 0.7%

NYSE AR traded up $0.25 on Monday, hitting $33.90. The company’s stock had a trading volume of 4,184,565 shares, compared to its average volume of 4,962,183. The firm has a market cap of $10.46 billion, a P/E ratio of 18.03 and a beta of 0.62. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $44.01. The company’s 50-day simple moving average is $32.63 and its 200 day simple moving average is $35.12. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AR shares. Wells Fargo & Company raised Antero Resources from an “equal weight” rating to an “overweight” rating and set a $39.00 price target for the company in a research note on Monday, November 3rd. Zacks Research lowered shares of Antero Resources from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Mizuho cut their target price on shares of Antero Resources from $49.00 to $41.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Antero Resources in a research report on Wednesday, October 8th. Finally, Barclays lowered their price objective on shares of Antero Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Hedge Funds Weigh In On Antero Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. Jupiter Asset Management Ltd. bought a new stake in shares of Antero Resources in the 3rd quarter worth approximately $52,737,000. Invesco Ltd. grew its stake in shares of Antero Resources by 44.3% in the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock worth $179,567,000 after acquiring an additional 1,362,370 shares during the last quarter. Stephens Investment Management Group LLC bought a new position in shares of Antero Resources during the first quarter valued at $48,314,000. Adage Capital Partners GP L.L.C. increased its holdings in shares of Antero Resources by 210.3% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,274,532 shares of the oil and natural gas company’s stock valued at $51,542,000 after acquiring an additional 863,836 shares in the last quarter. Finally, Sourcerock Group LLC raised its position in shares of Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after purchasing an additional 783,117 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

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.