Antero Resources (NYSE:AR) Stock Price Down 7.4% - Here's Why

Shares of Antero Resources Corporation (NYSE:AR - Get Free Report) traded down 7.4% on Monday . The company traded as low as $33.90 and last traded at $33.61. 1,783,885 shares were traded during trading, a decline of 59% from the average session volume of 4,404,339 shares. The stock had previously closed at $36.31.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Scotiabank set a $53.00 price objective on Antero Resources and gave the stock a "sector outperform" rating in a research note on Friday, July 11th. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $47.00 to $49.00 in a research report on Tuesday, May 13th. Barclays raised their price objective on shares of Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. UBS Group raised their price target on shares of Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Raymond James Financial upped their price objective on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $44.18.

Antero Resources Stock Up 2.1%

The business has a fifty day moving average of $38.67 and a 200 day moving average of $37.87. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.17. The firm has a market cap of $10.33 billion, a P/E ratio of 38.67 and a beta of 0.68.

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. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.28 billion. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. Antero Resources's revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 EPS. On average, equities research analysts predict that Antero Resources Corporation will post 2.74 EPS for the current year.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 38,013 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the sale, the director owned 364,992 shares of the company's stock, valued at approximately $14,716,477.44. This trade represents a 9.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $39.86, for a total value of $1,004,472.00. Following the transaction, the insider owned 306,819 shares in the company, valued at approximately $12,229,805.34. This represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,125,200 shares of company stock valued at $45,887,466 in the last ninety days. Insiders own 6.70% of the company's stock.

Institutional Investors Weigh In On Antero Resources

Large investors have recently modified their holdings of the business. SVB Wealth LLC bought a new stake in Antero Resources in the 1st quarter valued at $26,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Antero Resources in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in shares of Antero Resources in the fourth quarter valued at about $35,000. Bessemer Group Inc. lifted its holdings in shares of Antero Resources by 64.7% in the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock valued at $42,000 after purchasing an additional 411 shares in the last quarter. Finally, North Star Investment Management Corp. acquired a new position in shares of Antero Resources during the first quarter worth about $44,000. 83.04% of the stock is currently owned by institutional investors.

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.