Short Interest in Antero Resources Co. (NYSE:AR) Declines By 5.3%

Antero Resources Co. (NYSE:AR) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 9,710,000 shares, a drop of 5.3% from the May 31st total of 10,250,000 shares. Approximately 3.4% of the shares of the company are short sold. Based on an average daily volume of 4,020,000 shares, the short-interest ratio is currently 2.4 days.

Antero Resources Stock Up 1.4 %

Shares of NYSE:AR opened at $33.31 on Thursday. Antero Resources has a one year low of $20.10 and a one year high of $36.28. The company has a 50 day moving average of $33.79 and a 200-day moving average of $28.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 166.55 and a beta of 3.40.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 EPS for the quarter. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.08 billion. On average, sell-side analysts forecast that Antero Resources will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Friday, April 26th. Truist Financial cut their price target on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. The Goldman Sachs Group lifted their price target on shares of Antero Resources from $32.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Mizuho lifted their price target on shares of Antero Resources from $29.00 to $37.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Scotiabank lifted their price target on shares of Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Antero Resources currently has an average rating of “Hold” and an average target price of $33.50.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 100,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $34.53, for a total value of $3,453,000.00. Following the sale, the director now directly owns 2,900,000 shares in the company, valued at approximately $100,137,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robert J. Clark sold 10,000 shares of Antero Resources stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total transaction of $336,700.00. Following the sale, the director now directly owns 69,963 shares in the company, valued at approximately $2,355,654.21. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Howard Keenan, Jr. sold 100,000 shares of Antero Resources stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $34.53, for a total transaction of $3,453,000.00. Following the sale, the director now owns 2,900,000 shares in the company, valued at $100,137,000. The disclosure for this sale can be found here. Insiders have sold 476,377 shares of company stock worth $16,326,084 in the last ninety days. Insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Antero Resources by 1.3% in the first quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock worth $813,932,000 after purchasing an additional 372,450 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Antero Resources by 33.7% in the fourth quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock worth $238,985,000 after purchasing an additional 2,655,604 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Antero Resources by 11.6% in the first quarter. Bank of New York Mellon Corp now owns 8,840,690 shares of the oil and natural gas company’s stock worth $256,380,000 after purchasing an additional 917,338 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Antero Resources by 28.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock worth $128,352,000 after purchasing an additional 1,253,510 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Antero Resources by 9.3% in the fourth quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock worth $75,761,000 after purchasing an additional 285,485 shares in the last quarter. Institutional investors and hedge funds 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.