Antero Resources Co. (NYSE:AR) Short Interest Update

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AR. Barclays began coverage on shares of Antero Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price target on the stock. Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $26.00 to $36.00 in a research report on Wednesday, April 17th. Wells Fargo & Company boosted their price target on shares of Antero Resources from $35.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Truist Financial reduced their price target on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. Finally, The Goldman Sachs Group boosted their price target on shares of Antero Resources from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $33.50.

Insiders Place Their Bets

In other news, insider Sheri Pearce sold 16,377 shares of Antero Resources stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $35.50, for a total transaction of $581,383.50. Following the sale, the insider now owns 77,460 shares in the company, valued at $2,749,830. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director W Howard Keenan, Jr. sold 100,000 shares of Antero Resources stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $34.53, for a total transaction of $3,453,000.00. Following the sale, the director now owns 2,900,000 shares in the company, valued at $100,137,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Sheri Pearce sold 16,377 shares of Antero Resources stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $35.50, for a total transaction of $581,383.50. Following the sale, the insider now owns 77,460 shares in the company, valued at approximately $2,749,830. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 476,377 shares of company stock worth $16,326,084. Company insiders own 6.70% of the company’s stock.

Institutional Trading of Antero Resources

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Antero Resources by 27.8% in the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after acquiring an additional 655 shares during the period. Confluence Investment Management LLC lifted its stake in Antero Resources by 3.4% in the second quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock worth $604,000 after acquiring an additional 616 shares during the period. Cetera Advisors LLC purchased a new stake in Antero Resources in the first quarter worth about $247,000. Kahn Brothers Group Inc. purchased a new stake in Antero Resources in the first quarter worth about $875,000. Finally, Progeny 3 Inc. lifted its stake in Antero Resources by 93.8% in the first quarter. Progeny 3 Inc. now owns 382,400 shares of the oil and natural gas company’s stock worth $11,090,000 after acquiring an additional 185,100 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Up 2.3 %

Shares of AR opened at $32.87 on Wednesday. The firm has a market capitalization of $10.22 billion, a P/E ratio of 164.35 and a beta of 3.40. Antero Resources has a 12-month low of $20.10 and a 12-month high of $36.28. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $33.75 and a 200-day moving average price of $28.10.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. Equities research analysts expect that Antero Resources will post 0.36 earnings per share for the current year.

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.