Antero Resources Co. (NYSE:AR) Sees Large Decrease in Short Interest

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

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director Robert J. Clark sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total transaction of $336,700.00. Following the completion of the transaction, the director now owns 69,963 shares in the company, valued at $2,355,654.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert J. Clark sold 10,000 shares of Antero Resources stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total transaction of $336,700.00. Following the completion of the sale, the director now owns 69,963 shares of the company’s stock, valued at $2,355,654.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael N. Kennedy sold 50,000 shares of Antero Resources stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $33.72, for a total transaction of $1,686,000.00. Following the sale, the insider now directly owns 1,032,251 shares of the company’s stock, valued at approximately $34,807,503.72. The disclosure for this sale can be found here. Insiders sold 476,377 shares of company stock worth $16,326,084 over the last 90 days. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

Several hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its position in shares of Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after acquiring an additional 892 shares during the period. Lindbrook Capital LLC raised its position in shares of Antero Resources by 81.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after acquiring an additional 664 shares during the period. Mather Group LLC. acquired a new position in shares of Antero Resources in the first quarter worth about $37,000. Planned Solutions Inc. acquired a new position in shares of Antero Resources in the fourth quarter worth about $45,000. Finally, Quadrant Capital Group LLC raised its position in shares of Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock worth $62,000 after acquiring an additional 602 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on AR shares. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. boosted their price objective on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 27th. Morgan Stanley raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $26.00 to $36.00 in a research note on Wednesday, April 17th. Mizuho boosted their price objective on shares of Antero Resources from $29.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Finally, Barclays assumed coverage on Antero Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 price target on the stock. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $33.50.

Antero Resources Price Performance

Shares of AR opened at $32.87 on Wednesday. The firm has a market capitalization of $10.22 billion, a PE ratio of 164.35 and a beta of 3.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. Antero Resources has a 1-year low of $20.10 and a 1-year high of $36.28. The company’s fifty day moving average price is $33.75 and its 200-day moving average price is $28.10.

Antero Resources (NYSE:AR) last posted 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 for the quarter, compared to analyst estimates of $1.08 billion. On average, equities research analysts predict that Antero Resources will post 0.36 EPS for the current year.

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.