Traders Buy Large Volume of Put Options on Antero Resources (AR)

Antero Resources Corporation (NYSE:AR) was the recipient of some unusual options trading activity on Tuesday. Stock investors bought 1,128 put options on the stock. This is an increase of 1,006% compared to the average daily volume of 102 put options.

In other news, insider K. Phil Yoo sold 10,865 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $19.25, for a total transaction of $209,151.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin J. Kilstrom sold 82,760 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.99, for a total value of $1,654,372.40. The disclosure for this sale can be found here. Corporate insiders own 9.20% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Teachers Advisors LLC grew its stake in shares of Antero Resources by 12.8% in the 1st quarter. Teachers Advisors LLC now owns 278,807 shares of the oil and natural gas company’s stock valued at $6,360,000 after buying an additional 31,717 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Antero Resources by 16.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,059,571 shares of the oil and natural gas company’s stock worth $24,169,000 after buying an additional 153,118 shares during the last quarter. BB&T Corp acquired a new position in shares of Antero Resources during the 2nd quarter worth $256,000. Shell Asset Management Co. raised its stake in shares of Antero Resources by 3.0% during the 2nd quarter. Shell Asset Management Co. now owns 64,654 shares of the oil and natural gas company’s stock worth $1,397,000 after buying an additional 1,880 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Antero Resources by 57.1% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,137 shares of the oil and natural gas company’s stock worth $391,000 after buying an additional 6,595 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of Antero Resources (NYSE AR) opened at $19.00 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.54. The company has a market cap of $5,970.00, a P/E ratio of 97.58 and a beta of 0.95. Antero Resources has a 1-year low of $17.89 and a 1-year high of $27.23.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Antero Resources had a positive return on equity of 0.78% and a negative net margin of 12.82%. The company had revenue of $775.30 million during the quarter, compared to the consensus estimate of $798.88 million. During the same period last year, the firm posted $0.18 EPS. analysts expect that Antero Resources will post -0.09 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the company. Jefferies Group assumed coverage on Antero Resources in a report on Monday, October 9th. They set a “hold” rating and a $21.00 price objective on the stock. BMO Capital Markets set a $24.00 target price on Antero Resources and gave the stock a “buy” rating in a research report on Thursday, August 10th. Capital One Financial reiterated an “overweight” rating on shares of Antero Resources in a research report on Thursday, August 3rd. Barclays downgraded Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 price objective for the company. in a research report on Monday, November 20th. Finally, Cowen set a $25.00 price objective on Antero Resources and gave the company a “hold” rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $27.44.

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Antero Resources Company Profile

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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