Antero Resources (NYSE:AR) Trading Down 4.9% - Here's Why

Shares of Antero Resources Corporation (NYSE:AR - Get Free Report) traded down 4.9% during trading on Tuesday . The company traded as low as $38.58 and last traded at $38.31. 1,027,221 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 4,275,383 shares. The stock had previously closed at $40.28.

Analyst Upgrades and Downgrades

AR has been the subject of several research reports. Bank of America upped their price target on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and lifted their price target for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. UBS Group upped their price objective on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Antero Resources in a report on Tuesday, May 13th. Finally, Morgan Stanley restated an "overweight" rating and issued a $58.00 price target on shares of Antero Resources in a research report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.22.

Antero Resources Stock Down 5.3%

The firm has a market cap of $11.84 billion, a P/E ratio of 44.44 and a beta of 0.67. The company's 50-day simple moving average is $38.83 and its 200 day simple moving average is $37.60. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.39 and a quick ratio of 0.39.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. Antero Resources had a net margin of 5.96% and a return on equity of 4.01%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm earned $0.12 EPS. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. Research analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Antero Resources news, insider Yvette K. Schultz sold 25,200 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the transaction, the insider owned 306,819 shares in the company, valued at $12,229,805.34. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the completion of the sale, the director owned 38,013 shares of the company's stock, valued at $1,551,690.66. This trade represents a 96.54% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,125,200 shares of company stock valued at $45,887,466. Company insiders own 6.70% of the company's stock.

Hedge Funds Weigh In On Antero Resources

A number of large investors have recently bought and sold shares of AR. Slate Path Capital LP bought a new position in shares of Antero Resources in the fourth quarter worth about $35,471,000. Wealthfront Advisers LLC purchased a new position in shares of Antero Resources during the fourth quarter worth approximately $556,000. Sei Investments Co. raised its stake in shares of Antero Resources by 7.3% during the fourth quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company's stock valued at $6,246,000 after acquiring an additional 12,156 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Antero Resources in the fourth quarter valued at approximately $968,000. Finally, Janney Montgomery Scott LLC grew its stake in Antero Resources by 75.5% in the first quarter. Janney Montgomery Scott LLC now owns 46,460 shares of the oil and natural gas company's stock worth $1,879,000 after purchasing an additional 19,993 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, 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.

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