Antero Resources (AR) Debt Trading 1.6% Lower

An issue of Antero Resources Corp (NYSE:AR) debt fell 1.6% against its face value during trading on Friday. The high-yield issue of debt has a 5% coupon and will mature on March 1, 2025. The bonds in the issue are now trading at $95.75 and were trading at $97.25 last week. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

Several analysts have recently commented on the stock. Scotiabank set a $19.00 price target on shares of Antero Resources and gave the company a “hold” rating in a research report on Thursday, December 20th. Jefferies Financial Group restated a “hold” rating and set a $13.00 target price on shares of Antero Resources in a research report on Monday, December 17th. Raymond James lowered shares of Antero Resources from an “outperform” rating to an “underperform” rating in a research report on Wednesday, December 19th. Capital One Financial lowered shares of Antero Resources from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Finally, Zacks Investment Research upgraded shares of Antero Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Antero Resources has an average rating of “Hold” and a consensus price target of $19.15.

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NYSE AR traded up $0.10 during mid-day trading on Friday, reaching $8.83. 5,605,840 shares of the stock were exchanged, compared to its average volume of 5,043,582. Antero Resources Corp has a 1-year low of $8.52 and a 1-year high of $22.69. The firm has a market cap of $2.96 billion, a P/E ratio of 73.58, a price-to-earnings-growth ratio of 3.88 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.11.

In related news, Director Robert J. Clark sold 20,429 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $12.80, for a total transaction of $261,491.20. Following the sale, the director now owns 26,924 shares in the company, valued at $344,627.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.40% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Antero Resources by 1.9% during the third quarter. Vanguard Group Inc. now owns 20,711,509 shares of the oil and natural gas company’s stock worth $366,802,000 after purchasing an additional 379,572 shares during the period. Vanguard Group Inc raised its stake in Antero Resources by 1.9% during the third quarter. Vanguard Group Inc now owns 20,711,509 shares of the oil and natural gas company’s stock worth $366,802,000 after purchasing an additional 379,572 shares during the period. BlackRock Inc. raised its stake in Antero Resources by 0.7% during the fourth quarter. BlackRock Inc. now owns 13,708,292 shares of the oil and natural gas company’s stock worth $128,721,000 after purchasing an additional 96,956 shares during the period. Sound Shore Management Inc. CT raised its stake in Antero Resources by 9.0% during the fourth quarter. Sound Shore Management Inc. CT now owns 8,456,228 shares of the oil and natural gas company’s stock worth $79,404,000 after purchasing an additional 699,980 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its stake in Antero Resources by 6.4% during the third quarter. Thompson Siegel & Walmsley LLC now owns 6,013,821 shares of the oil and natural gas company’s stock worth $106,505,000 after purchasing an additional 359,474 shares during the period. 95.78% of the stock is currently owned by institutional investors.

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Antero Resources Company Profile (NYSE:AR)

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.

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