Antero Resources Co. (NYSE:AR – Get Rating) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 19,410,000 shares, a drop of 13.4% from the August 31st total of 22,410,000 shares. Based on an average daily volume of 7,420,000 shares, the short-interest ratio is currently 2.6 days. Currently, 7.2% of the shares of the stock are short sold.
Insider Buying and Selling at Antero Resources
In other news, Director Robert J. Clark sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $40.17, for a total value of $200,850.00. Following the completion of the sale, the director now owns 71,227 shares of the company's stock, valued at approximately $2,861,188.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Robert J. Clark sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $40.17, for a total transaction of $200,850.00. Following the completion of the transaction, the director now owns 71,227 shares of the company's stock, valued at approximately $2,861,188.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider W Patrick Ash sold 36,701 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $38.89, for a total transaction of $1,427,301.89. Following the transaction, the insider now directly owns 870,270 shares of the company's stock, valued at approximately $33,844,800.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,701 shares of company stock worth $1,853,152. Corporate insiders own 5.72% of the company's stock.
Get Antero Resources alerts:Institutional Investors Weigh In On Antero Resources
A number of hedge funds and other institutional investors have recently made changes to their positions in AR. Vanguard Group Inc. boosted its holdings in Antero Resources by 2.0% in the first quarter. Vanguard Group Inc. now owns 26,732,940 shares of the oil and natural gas company's stock valued at $816,157,000 after acquiring an additional 513,300 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Antero Resources by 66.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company's stock valued at $193,043,000 after acquiring an additional 2,517,137 shares during the last quarter. PointState Capital LP boosted its holdings in Antero Resources by 2.0% in the second quarter. PointState Capital LP now owns 4,236,737 shares of the oil and natural gas company's stock valued at $129,856,000 after acquiring an additional 83,660 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Antero Resources by 46.3% in the second quarter. Renaissance Technologies LLC now owns 3,584,500 shares of the oil and natural gas company's stock valued at $109,865,000 after acquiring an additional 1,134,200 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Antero Resources by 126.5% during the second quarter. Assenagon Asset Management S.A. now owns 3,304,426 shares of the oil and natural gas company's stock worth $101,281,000 after purchasing an additional 1,845,312 shares in the last quarter. Hedge funds and other institutional investors own 80.15% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on AR. Scotiabank began coverage on shares of Antero Resources in a report on Wednesday, August 3rd. They issued a "sector perform" rating and a $47.00 price objective on the stock. Wells Fargo & Company lifted their price target on shares of Antero Resources from $38.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, July 11th. Raymond James lifted their price target on shares of Antero Resources from $52.00 to $60.00 in a research note on Thursday, June 16th. Mizuho dropped their price objective on shares of Antero Resources from $53.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, August 18th. Finally, TheStreet upgraded shares of Antero Resources from a "c" rating to a "b-" rating in a research note on Wednesday, July 27th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Antero Resources presently has a consensus rating of "Moderate Buy" and an average target price of $47.22.Antero Resources Price Performance
NYSE AR traded up $0.56 during mid-day trading on Monday, hitting $31.09. The stock had a trading volume of 11,437,411 shares, compared to its average volume of 8,208,863. Antero Resources has a 52-week low of $15.38 and a 52-week high of $48.80. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 11.35 and a beta of 3.59. The company has a 50 day simple moving average of $38.25 and a 200 day simple moving average of $36.14. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.25.
Antero Resources (NYSE:AR – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The oil and natural gas company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.21). The company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $1.82 billion. Antero Resources had a return on equity of 19.52% and a net margin of 16.24%. The business's quarterly revenue was up 352.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. Equities analysts forecast that Antero Resources will post 6.56 EPS for the current fiscal year.
Antero Resources Company Profile
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Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale.
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