Stock Traders Purchase High Volume of Antero Resources Put Options (NYSE:AR)

Antero Resources Co. (NYSE:AR - Get Free Report) saw unusually large options trading on Tuesday. Stock traders purchased 24,956 put options on the stock. This is an increase of approximately 265% compared to the average daily volume of 6,830 put options.

Analyst Ratings Changes

AR has been the topic of a number of research analyst reports. Barclays lifted their target price on Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Truist Financial lifted their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Williams Trading set a $48.00 target price on shares of Antero Resources in a research note on Wednesday, March 5th. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and lifted their price target for the stock from $40.00 to $46.00 in a research report on Tuesday, April 8th. Finally, Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $42.44.

Antero Resources Stock Up 3.6 %

NYSE AR traded up $1.13 on Friday, reaching $33.05. The stock had a trading volume of 7,274,776 shares, compared to its average volume of 4,142,497. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 103.30 and a beta of 3.08. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources has a 1 year low of $24.53 and a 1 year high of $42.63. The business has a 50 day moving average price of $37.75 and a 200 day moving average price of $34.24.

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

Insider Transactions at Antero Resources

In other Antero Resources 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 transaction of $7,952,000.00. Following the completion of the transaction, the director now directly owns 1,800,000 shares of the company's stock, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.70% of the company's stock.

Institutional Investors Weigh In On Antero Resources

Several institutional investors and hedge funds have recently modified their holdings of the business. Pinnacle Bancorp Inc. bought a new position in Antero Resources during the fourth quarter valued at about $28,000. Spire Wealth Management bought a new position in shares of Antero Resources in the 4th quarter valued at approximately $31,000. Mascagni Wealth Management Inc. acquired a new stake in Antero Resources in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Antero Resources in the 4th quarter worth approximately $35,000. Finally, Wilmington Savings Fund Society FSB boosted its position in Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock worth $48,000 after purchasing an additional 913 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

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.