A company insider recently sold 374,086 shares of Antero Resources Corporation [AR]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Antero Resources Corporation shares valued at $14,108,242 were sold by Keenan W Howard JR on Sep 07. At $37.71 per share, Keenan W Howard JR sold 374,086 shares. The insider’s holdings dropped to 5,000,000 shares worth approximately $167.95 million following the completion of this transaction.

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Also, Keenan W Howard JR sold 373,866 shares, netting a total of over 14,480,003 in proceeds. Following the sale of shares at $38.73 each, the insider now holds 5,374,086 shares.

Before that, CLARK ROBERT J had sold 5,000 shares from its account. In a trade valued at $225,000, the Director traded Antero Resources Corporation shares for $45.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $2.22 million.

Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early July. As of January 21, 2022, Goldman has increased its “Neutral” rating to a “Buy” for AR. Earlier on January 10, 2022, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for AR stock which previously was a “a Market perform”.

Analyzing AR’s Price Performance

On Thursday, Antero Resources Corporation [NYSE: AR] plunged -6.25% to $33.59. The stock’s lowest price that day was $33.095, but it reached a high of $36.44 in the same session. During the last five days, there has been a drop of approximately -15.52%. Over the course of the year, Antero Resources Corporation shares have jumped approximately 91.94%. Shares of the company reached a 52-week high of $48.80 on 06/08/22 and a 52-week low of $15.98 on 01/24/22. A 50-day SMA is recorded $38.70, while a 200-day SMA reached $30.79. Nevertheless, trading volume fell to 11.56 million shares from 5.49 million shares the previous day.

Support And Resistance Levels for Antero Resources Corporation (AR)

According to the 24-hour chart, there is a support level at 32.31, which, if violated, would cause prices to drop to 31.03. In the upper region, resistance lies at 35.65. The next price resistance is at 37.72. RSI (Relative Strength Index) is 34.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.98, which suggests the price will decrease in the coming days. Percent R is at 94.67%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Antero Resources Corporation subject to short interest?

Stocks of Antero Resources Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -4.87 million shares to 23.33 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 28.2 million shares. A decline of -20.87% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.23 of the overall float, the days-to-cover ratio (short ratio) decline to 2.23.

Which companies own the most shares of Antero Resources Corporation (AR)?

According to Fidelity Management & Research Co filings, the company currently owns 38,579,390 shares, which is about 12.60% of the total AR shares outstanding. The investor’s shares have appreciated by 7,150,760 from its previous 13-F filing of 31428630.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $1,071,382,849. BlackRock Fund Advisors reduced a -36.27% interest valued at $465.62 million while Dimensional Fund Advisors LP sold a -2,214,433 stake. A total of -3,489,379 shares of Antero Resources Corporation were sold by SSgA Funds Management, Inc. during the quarter, and 3,797,075 were bought by FIAM LLC. In its current portfolio, TIAA-CREF Investment Management L holds 4,627,342 shares valued at $185.46 million.

In terms of Antero Resources Corporation share price expectations, FactSet research, analysts set an average price target of $53.64 in the next 12 months, up nearly 47.92% from the previous closing price of $35.83. Analysts anticipate Antero Resources Corporation stock to reach $67.00 by 2022, with the lowest price target being $37.00. In spite of this, 16 analysts ranked Antero Resources Corporation stock as an Overweight at the end of 2022. On October 26, 2021, The Benchmark Company assigned a price target of “a Buy” to the stock and initiated coverage with a $32.


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