Antero Resources Corp (NYSE:AR) insider Paul M. Rady bought 500,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was purchased at an average cost of $21.11 per share, with a total value of $10,555,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Antero Resources Corp (NYSE:AR) traded up 2.15% on Thursday, reaching $21.41. 3,842,323 shares of the company traded hands. The company’s market capitalization is $6.75 billion. Antero Resources Corp has a one year low of $20.17 and a one year high of $30.50. The firm has a 50-day moving average price of $21.87 and a 200 day moving average price of $24.02.

Antero Resources Corp (NYSE:AR) last announced its quarterly earnings results on Monday, May 8th. The oil and natural gas company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.17. The business had revenue of $801.65 million for the quarter, compared to the consensus estimate of $762.70 million. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 EPS. Equities analysts forecast that Antero Resources Corp will post $0.48 EPS for the current fiscal year.

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Several equities research analysts have commented on AR shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $28.00 target price on shares of Antero Resources Corp in a research note on Wednesday, March 22nd. KLR Group reaffirmed a “buy” rating and issued a $35.00 target price on shares of Antero Resources Corp in a research note on Wednesday, March 1st. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Antero Resources Corp in a research note on Sunday, February 5th. Zacks Investment Research upgraded shares of Antero Resources Corp from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a report on Monday, March 13th. Finally, Stifel Nicolaus assumed coverage on shares of Antero Resources Corp in a report on Thursday, March 23rd. They issued a “hold” rating and a $26.00 price target for the company. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Antero Resources Corp has a consensus rating of “Buy” and an average target price of $32.55.

A number of hedge funds have recently made changes to their positions in AR. SailingStone Capital Partners LLC raised its stake in shares of Antero Resources Corp by 4.5% in the fourth quarter. SailingStone Capital Partners LLC now owns 24,868,206 shares of the oil and natural gas company’s stock worth $588,133,000 after buying an additional 1,059,662 shares during the period. Vanguard Group Inc. raised its stake in shares of Antero Resources Corp by 4.9% in the first quarter. Vanguard Group Inc. now owns 16,668,954 shares of the oil and natural gas company’s stock worth $380,218,000 after buying an additional 778,962 shares during the period. Brave Warrior Advisors LLC raised its stake in shares of Antero Resources Corp by 9.8% in the first quarter. Brave Warrior Advisors LLC now owns 10,593,829 shares of the oil and natural gas company’s stock worth $241,645,000 after buying an additional 946,603 shares during the period. Temasek Holdings Private Ltd acquired a new stake in shares of Antero Resources Corp during the fourth quarter worth approximately $230,720,000. Finally, BlackRock Inc. raised its stake in shares of Antero Resources Corp by 2,440.4% in the first quarter. BlackRock Inc. now owns 8,550,873 shares of the oil and natural gas company’s stock worth $195,044,000 after buying an additional 8,214,276 shares during the period. Institutional investors and hedge funds own 86.83% of the company’s stock.

About Antero Resources Corp

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

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