Paul M. Rady Purchases 12,239 Shares of Antero Resources Corp (AR) Stock

Antero Resources Corp (NYSE:AR) insider Paul M. Rady purchased 12,239 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $8.34 per share, for a total transaction of $102,073.26. Following the acquisition, the insider now owns 9,579,520 shares of the company’s stock, valued at approximately $79,893,196.80. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of NYSE AR traded down $0.22 during mid-day trading on Friday, reaching $8.36. 44,801 shares of the company traded hands, compared to its average volume of 6,452,411. Antero Resources Corp has a fifty-two week low of $7.63 and a fifty-two week high of $22.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $2.65 billion, a PE ratio of 10.95, a P/E/G ratio of 13.62 and a beta of 0.98.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, February 13th. The oil and natural gas company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.09. Antero Resources had a negative net margin of 9.60% and a positive return on equity of 3.67%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business earned $0.33 earnings per share. The business’s revenue for the quarter was up 34.5% on a year-over-year basis. Sell-side analysts anticipate that Antero Resources Corp will post 0.03 earnings per share for the current fiscal year.



AR has been the topic of a number of recent analyst reports. Zacks Investment Research cut Antero Resources from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Scotiabank set a $19.00 price target on Antero Resources and gave the company a “hold” rating in a report on Thursday, December 20th. Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 price target on shares of Antero Resources in a report on Monday, December 17th. Capital One Financial cut Antero Resources from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. Finally, Guggenheim set a $19.00 price target on Antero Resources and gave the company a “buy” rating in a report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Antero Resources currently has an average rating of “Hold” and a consensus price target of $19.05.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Antero Resources by 142.7% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 110,381 shares of the oil and natural gas company’s stock valued at $1,036,000 after acquiring an additional 64,900 shares during the period. Parametrica Management Ltd acquired a new position in Antero Resources in the fourth quarter worth approximately $136,000. Financial Architects Inc acquired a new position in Antero Resources in the fourth quarter worth approximately $56,000. Parkwood LLC grew its position in Antero Resources by 31.8% in the third quarter. Parkwood LLC now owns 368,440 shares of the oil and natural gas company’s stock worth $6,525,000 after buying an additional 88,888 shares during the last quarter. Finally, Riverhead Capital Management LLC acquired a new position in Antero Resources in the third quarter worth approximately $416,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

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About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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