Insider Selling: Antero Resources (NYSE:AR) Insider Sells 39,490 Shares of Stock

Key Points

• Insider sale: Director Yvette Schultz sold 39,490 shares on May 4 at an average price of $39.27 for proceeds of $1.55M, reducing her position by 12.45% to 277,665 shares (≈$10.9M).
• Stock snapshot: Antero Resources opened at $39.60, has a $12.27B market cap, a PE of 12.86, and a 12‑month range of $29.10–$45.75 with 50/200‑day SMAs of $39.17/$35.75.
• Analyst sentiment and results: The company recently beat consensus with $0.62 EPS and +20.8% revenue growth year‑over‑year, and analysts have a consensus Buy rating with a $49.63 average price target.

Antero Resources Corporation (NYSE:AR - Get Free Report) insider Yvette Schultz sold 39,490 shares of the firm's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the completion of the sale, the insider directly owned 277,665 shares in the company, valued at approximately $10,903,904.55. This trade represents a 12.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $39.60 on Tuesday. The firm has a market cap of $12.27 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 0.37 and a beta of 0.36. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. The company's fifty day simple moving average is $39.17 and its two-hundred 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, topping analysts' consensus estimates of $0.49 by $0.13. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.33 billion. Antero Resources had a net margin of 16.39% and a return on equity of 7.80%. The company's revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. As a group, equities analysts expect that Antero Resources Corporation will post 4.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AR. Truist Financial began coverage on shares of Antero Resources in a research report on Tuesday, March 24th. They set a "buy" rating and a $56.00 price objective on the stock. Benchmark raised shares of Antero Resources from a "hold" rating to a "buy" rating and set a $44.00 price objective on the stock in a research report on Thursday, March 5th. Zacks Research raised shares of Antero Resources from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 27th. Bank of America boosted their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Antero Resources from $49.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, February 13th. Five research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Antero Resources presently has an average rating of "Buy" and a consensus price target of $49.63.

Institutional Trading of Antero Resources

A number of hedge funds and other institutional investors have recently modified their holdings of AR. Assenagon Asset Management S.A. grew its position in shares of Antero Resources by 177.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company's stock worth $153,261,000 after buying an additional 2,309,388 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in shares of Antero Resources in the 3rd quarter worth about $77,294,000. Massachusetts Financial Services Co. MA grew its position in shares of Antero Resources by 111.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company's stock worth $137,437,000 after buying an additional 2,099,755 shares during the period. AQR Capital Management LLC grew its position in shares of Antero Resources by 140.2% in the 3rd quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company's stock worth $116,371,000 after buying an additional 2,023,828 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Antero Resources by 31.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company's stock worth $267,485,000 after buying an additional 1,922,977 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.