Antero Resources Corporation (NYSE:AR – Get Free Report) was the target of some unusual options trading activity on Tuesday. Investors acquired 29,523 put options on the stock. This is an increase of approximately 77% compared to the typical volume of 16,650 put options.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on AR shares. Williams Trading set a $56.00 price target on shares of Antero Resources in a research note on Monday, April 20th. UBS Group increased their price target on shares of Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday. Barclays increased their price target on shares of Antero Resources from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Benchmark upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Thursday, March 5th. Finally, Wells Fargo & Company increased their price target on shares of Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Five analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $49.63.
Read Our Latest Stock Report on AR
Antero Resources Stock Performance
Antero Resources (NYSE:AR – Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. Antero Resources had a net margin of 16.39% and a return on equity of 7.80%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. Equities research analysts anticipate that Antero Resources will post 4.04 earnings per share for the current year.
Insider Buying and Selling at Antero Resources
In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the sale, the insider owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. This represents a 14.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin A. Hardesty sold 12,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total transaction of $528,000.00. Following the sale, the director directly owned 150,242 shares of the company’s stock, valued at $6,610,648. The trade was a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 252,316 shares of company stock valued at $9,977,259 in the last quarter. Company insiders own 6.30% of the company’s stock.
Hedge Funds Weigh In On Antero Resources
Several large investors have recently added to or reduced their stakes in the company. Annandale Capital LLC lifted its holdings in Antero Resources by 0.4% during the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock valued at $2,475,000 after purchasing an additional 300 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Antero Resources by 16.7% in the fourth quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock worth $73,000 after buying an additional 301 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Antero Resources by 2.0% in the third quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after buying an additional 305 shares in the last quarter. Uhlmann Price Securities LLC lifted its holdings in shares of Antero Resources by 2.2% in the third quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock worth $508,000 after buying an additional 325 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Antero Resources by 4.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after buying an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.
Antero Resources Company Profile
Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.
Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.
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