Antero Resources (NYSE:AR) Insider Michael Kennedy Sells 185,826 Shares

Key Points

• Insider sale: Antero Resources insider Michael Kennedy sold 185,826 shares on May 4 at an average price of $39.33 for about $7.31 million, trimming his holding by 14.62% to 1,085,192 shares; the transaction was executed under a Rule 10b5-1 trading plan and disclosed to the SEC.
• Earnings and analyst outlook: The company recently beat quarterly EPS and revenue estimates (EPS $0.62 vs. $0.49; revenue $1.41B, +20.8% YoY), and analysts have an average rating of Buy with a consensus price target of $49.63.
• Market context: Shares traded up about 1.8% to $39.60 on the day of the filing, with a market cap of roughly $12.27 billion, a P/E of 12.86, and a 12‑month trading range of $29.10–$45.75.

Antero Resources Corporation (NYSE:AR - Get Free Report) insider Michael Kennedy sold 185,826 shares of the company's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.33, for a total value of $7,308,536.58. Following the transaction, the insider directly owned 1,085,192 shares of the company's stock, valued at approximately $42,680,601.36. This represents a 14.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Antero Resources Stock Up 1.8%

Shares of NYSE AR traded up $0.71 during midday trading on Monday, hitting $39.60. 4,047,146 shares of the company's stock were exchanged, compared to its average volume of 5,189,857. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. The company has a market cap of $12.27 billion, a PE ratio of 12.86, a P/E/G ratio of 0.37 and a beta of 0.36. The firm's fifty day simple moving average is $39.17 and its 200-day simple moving average is $35.75.

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. Antero Resources had a return on equity of 7.80% and a net margin of 16.39%.The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the company posted $0.48 earnings per share. The firm's quarterly revenue was up 20.8% compared to the same quarter last year. Research analysts predict that Antero Resources Corporation will post 4.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Roth Mkm restated a "neutral" rating and set a $38.00 price target on shares of Antero Resources in a research note on Thursday. TD Cowen raised Antero Resources to a "strong-buy" rating in a report on Monday, February 9th. UBS Group raised their target price on shares of Antero Resources from $54.00 to $56.00 and gave the stock a "buy" rating in a research report on Friday. Zacks Research raised shares of Antero Resources from a "hold" rating to a "strong-buy" rating in a report on Monday, April 27th. Finally, Citigroup increased their price target on shares of Antero Resources from $39.00 to $53.00 and gave the stock a "buy" rating in a research note on Tuesday, March 31st. Five equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Antero Resources presently has an average rating of "Buy" and a consensus price target of $49.63.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AR. NewEdge Advisors LLC increased its stake in shares of Antero Resources by 16,498.3% during the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company's stock worth $389,000 after purchasing an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Antero Resources by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company's stock valued at $23,882,000 after buying an additional 43,312 shares during the last quarter. Focus Partners Wealth increased its position in Antero Resources by 18.9% during the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company's stock worth $806,000 after buying an additional 3,169 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Antero Resources by 701.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company's stock worth $120,000 after acquiring an additional 2,616 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Antero Resources by 22.5% during the second quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company's stock valued at $1,470,000 after acquiring an additional 6,700 shares during 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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