A Director at Antero Resources (AR) is Buying Shares


Yesterday, a Director at Antero Resources (AR), Benjamin Hardesty, bought shares of AR for $6,900.

In addition to Benjamin Hardesty, 4 other AR executives reported Buy trades in the last month. This recent transaction increases Benjamin Hardesty’s holding in the company by 2.04% to a total of $345.2K.

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Based on Antero Resources’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.11 billion and quarterly net profit of $979 million. In comparison, last year the company earned revenue of $896 million and had a net profit of $14.83 million. AR’s market cap is $2.13B and the company has a P/E ratio of 3.70. Currently, Antero Resources has an average volume of 9.66M.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $11.88, reflecting a 72.4% upside.

The insider sentiment on Antero Resources has been positive according to 68 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.

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