Antero Resources Corporation (NYSE:AR) produced a 6.35% rally since recording the worst price of $5.2. Thanks to the latest 2.79% increase, it now trades at $5.53. Throughout the trading on 6/28/2019, the share price floated between $5.295 and $5.53. This company shares are 103.98% off its target price of $11.28 and the current market capitalization stands at $1.66B. The recent change has given its price a -19.96% deficit over SMA 50 and -75.63% deficit over its 52-week high. The stock witnessed -15.57% declines, -37.37% declines and -43.74% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AR’s volatility during a week at 4.86% and during a month it has been found around 5.67%.
What Does Antero Resources Corporation (AR) Do?
The company describes itself in regulatory filings as, “Antero Resources Corp. is an independent oil and natural gas company, which engages in the exploration, development and acquisition of natural gas, natural gas liquids and oil properties located in the Appalachian Basin. It also focuses on unconventional reservoirs, which can generally be characterized as fractured shales formations. The company was founded by Paul M. Rady and Glen C. Warren, Jr. in June 2002 and is headquartered in Denver, CO.” [Text can be found here: https://www.marketwatch.com/investing/stock/AR/profile under company description.]Antero Resources Corporation (AR) Top Holders
Institutional investors currently hold around $1.66 billion or 98.4% in AR stock. Look at its top three institutional owners: Baupost Group Llc/Ma owns $158.09 million in Antero Resources Corporation, which represents roughly 9.52% of the company’s market cap and approximately 9.5% of the institutional ownership. Similar statistics are true for the second largest owner, Sailingstone Capital Partners Llc, which owns 21,113,281 shares of the stock are valued at $116.76 million. The third largest holder is Vanguard Group Inc, which currently holds $112.45 million worth of this stock and that ownership represents nearly 6.77% of its market capitalization.Antero Resources Corporation 13F Filings
At the end of March reporting period, 154 institutional holders increased their position in Antero Resources Corporation (NYSE:AR) by some 53,063,644 shares, 162 decreased positions by 56,062,352 and 31 held positions by 191,830,470. That puts total institutional holdings at 300,956,466 shares, according to SEC filings. The stock grabbed 59 new institutional investments totaling 20,027,885 shares while 73 institutional investors sold out their entire positions totaling 11,889,217 shares.Antero Resources Corporation (NYSE:AR) Insider Trades
Multiple company employees have indulged in significant insider trading. Antero Resources Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Levy James R. has sold 16,094,190 shares of Antero Resources Corporation (AR) in the trading session dated Jun. 10, 2019. These shares are worth $99,301,152 and were traded at $6.17 each. The SEC filing shows that KAGAN PETER performed a sale of 16,094,190 shares. The Director disposed these shares by way of transaction on Jun. 10, 2019. The company’s shares were given away at $6.17 per share worth to an income of some $99,301,152 to the account of KAGAN PETER.
Director, 10% Owner, Warburg Pincus Private Equity, sold 16,094,190 common shares of Antero Resources Corporation (AR) in the open market. In a transaction dated Jun. 10, 2019, the shares were put up for sale at an average price of $6.17, raking in a sum of $99,301,152. After this sale, common shares of AR are directly owned by the insider, with total stake valued at $.
In the transaction dated Jun. 10, 2019, a great number of shares sold came courtesy the Director, 10% Owner; WARBURG PINCUS LLC disposed a total of 16,094,190 shares at an average price of $6.17, amounting to approximately $99,301,152. The insider now directly owns shares worth $.Antero Resources Corporation (AR) Analyst Guide
Several analysts have released their opinion on Antero Resources Corporation (NYSE:AR), with 3 analysts believing it is a strong buy. Whereas 11 of them predict the stock is a hold. Also, there are 4 buy, 2 sell and 0 strong sell ratings, collectively assigning a 2.6 average brokerage recommendation [T1].