Antero Resources Target of Unusually Large Options Trading (NYSE:AR)

Antero Resources Co. (NYSE:AR - Get Free Report) saw some unusual options trading on Thursday. Stock investors bought 10,389 call options on the stock. This represents an increase of 45% compared to the typical volume of 7,153 call options.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of analyst reports. Citigroup lifted their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Raymond James boosted their price objective on Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. Mizuho raised their target price on Antero Resources from $35.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Benchmark reiterated a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. Finally, Barclays raised their price objective on Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $41.06.

Insider Activity

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the transaction, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is currently owned by company insiders.

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Institutional Trading of Antero Resources

A number of institutional investors have recently modified their holdings of the business. Pinnacle Bancorp Inc. purchased a new stake in shares of Antero Resources during the fourth quarter worth $28,000. True Wealth Design LLC purchased a new stake in Antero Resources during the 3rd quarter worth about $30,000. Spire Wealth Management bought a new position in Antero Resources in the 4th quarter worth about $31,000. Mascagni Wealth Management Inc. purchased a new position in Antero Resources during the 4th quarter valued at about $31,000. Finally, Capital A Wealth Management LLC bought a new stake in shares of Antero Resources during the fourth quarter valued at about $35,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

NYSE AR traded up $0.01 on Monday, hitting $40.78. 1,450,861 shares of the stock traded hands, compared to its average volume of 4,845,641. The firm has a market capitalization of $12.69 billion, a price-to-earnings ratio of 127.44 and a beta of 3.38. The business's fifty day moving average is $38.37 and its two-hundred day moving average is $33.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources has a 12 month low of $24.53 and a 12 month high of $41.59.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, equities analysts anticipate that Antero Resources will post 2.74 EPS for the current fiscal 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.