Van ECK Associates Corp Sells 774 Shares of Antero Resources Co. (NYSE:AR)

Van ECK Associates Corp lessened its holdings in Antero Resources Co. (NYSE:AR – Get Rating) by 15.9% during the third quarter, HoldingsChannel.com reports. The firm owned 4,104 shares of the oil and natural gas company’s stock after selling 774 shares during the period. Van ECK Associates Corp’s holdings in Antero Resources were worth $125,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AR. Total Clarity Wealth Management Inc. bought a new stake in shares of Antero Resources in the second quarter worth $31,000. BDO Wealth Advisors LLC bought a new stake in Antero Resources during the second quarter worth $31,000. Riggs Asset Managment Co. Inc. raised its position in Antero Resources by 63.5% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,040 shares of the oil and natural gas company’s stock worth $32,000 after acquiring an additional 404 shares in the last quarter. CoreCap Advisors LLC bought a new stake in Antero Resources during the second quarter worth $32,000. Finally, SeaCrest Wealth Management LLC bought a new stake in Antero Resources during the second quarter worth $37,000. Institutional investors own 77.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. TD Securities dropped their price target on shares of Antero Resources from $56.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, October 27th. Tudor Pickering lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th. StockNews.com assumed coverage on shares of Antero Resources in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Mizuho reissued a “buy” rating and issued a $51.00 price objective on shares of Antero Resources in a research report on Tuesday, January 10th. Finally, Morgan Stanley dropped their price objective on shares of Antero Resources from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 19th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.40.

Insider Activity at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 220,245 shares of the firm’s stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $31.16, for a total value of $6,862,834.20. Following the sale, the director now directly owns 4,779,755 shares in the company, valued at approximately $148,937,165.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Antero Resources news, Director W Howard Keenan, Jr. sold 220,245 shares of Antero Resources stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $31.16, for a total transaction of $6,862,834.20. Following the transaction, the director now directly owns 4,779,755 shares of the company’s stock, valued at approximately $148,937,165.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sheri Pearce sold 2,750 shares of Antero Resources stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $35.48, for a total transaction of $97,570.00. Following the transaction, the insider now directly owns 91,266 shares in the company, valued at $3,238,117.68. The disclosure for this sale can be found here. 5.72% of the stock is currently owned by corporate insiders.

Antero Resources Trading Up 1.3 %

AR stock opened at $29.10 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.38 and a current ratio of 0.38. The company’s 50-day simple moving average is $32.84 and its 200 day simple moving average is $35.14. Antero Resources Co. has a 52 week low of $15.98 and a 52 week high of $48.80. The company has a market capitalization of $8.73 billion, a PE ratio of 4.72 and a beta of 3.50.

Antero Resources (NYSE:AR – Get Rating) last released its quarterly earnings results on Wednesday, October 26th. The oil and natural gas company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.25). Antero Resources had a net margin of 27.79% and a return on equity of 26.13%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.98 billion. As a group, sell-side analysts anticipate that Antero Resources Co. will post 5.74 earnings per share for the current 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.