Antero Resources Corp (NYSE:AR) Short Interest Down 15.4% in June

Antero Resources Corp (NYSE:AR) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 40,473,800 shares, a decline of 15.4% from the May 15th total of 47,847,100 shares. Based on an average daily volume of 7,220,000 shares, the short-interest ratio is currently 5.6 days. Currently, 16.2% of the shares of the company are short sold.

In related news, Director James R. Levy sold 16,094,190 shares of Antero Resources stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $6.17, for a total transaction of $99,301,152.30. Following the sale, the director now directly owns 116,214 shares of the company’s stock, valued at $717,040.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul M. Rady acquired 7,200 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were bought at an average cost of $6.90 per share, for a total transaction of $49,680.00. The disclosure for this purchase can be found here. Insiders bought 48,050 shares of company stock worth $330,062 over the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its position in Antero Resources by 3,191.9% in the first quarter. Quadrant Capital Group LLC now owns 3,654 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 3,543 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Antero Resources by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the oil and natural gas company’s stock valued at $35,000 after buying an additional 3,200 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Antero Resources in the second quarter valued at approximately $65,000. Commonwealth Bank of Australia boosted its position in Antero Resources by 1,440.0% in the first quarter. Commonwealth Bank of Australia now owns 7,700 shares of the oil and natural gas company’s stock valued at $66,000 after buying an additional 7,200 shares in the last quarter. Finally, Comerica Bank acquired a new position in shares of Antero Resources during the first quarter worth $87,000. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AR traded up $0.19 during trading hours on Friday, reaching $4.91. The stock had a trading volume of 13,480,739 shares, compared to its average volume of 8,783,544. The company has a market cap of $1.52 billion, a P/E ratio of 6.38, a P/E/G ratio of 0.79 and a beta of 0.74. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.78. Antero Resources has a 52 week low of $4.57 and a 52 week high of $21.61. The company’s 50-day moving average is $5.68.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, May 1st. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.05). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.24 billion. Antero Resources had a negative net margin of 9.58% and a positive return on equity of 3.70%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 earnings per share. Equities analysts forecast that Antero Resources will post 0.3 earnings per share for the current year.

A number of research firms have weighed in on AR. Canaccord Genuity decreased their price objective on AeroVironment from $86.00 to $80.00 and set an “in-line” rating on the stock in a report on Wednesday, June 26th. Zacks Investment Research downgraded Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Goldman Sachs Group downgraded Encana to a “buy” rating in a report on Friday, April 12th. Capital One Financial raised Antero Resources from an “underweight” rating to an “equal weight” rating in a report on Tuesday, June 18th. Finally, Morgan Stanley set a $207.00 target price on Alibaba Group and gave the stock a “buy” rating in a report on Friday, July 12th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $13.48.

Antero Resources Company Profile

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, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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