Antero Resources Corp (NYSE:AR) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 33,091,169 shares, an increase of 10.0% from the February 15th total of 30,096,141 shares. Currently, 24.4% of the company’s shares are short sold. Based on an average daily trading volume, of 3,800,372 shares, the days-to-cover ratio is currently 8.7 days.
In other news, insider K. Phil Yoo sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $20.00, for a total transaction of $50,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.20% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SailingStone Capital Partners LLC raised its stake in shares of Antero Resources by 0.7% during the 4th quarter. SailingStone Capital Partners LLC now owns 34,911,997 shares of the oil and natural gas company’s stock worth $663,328,000 after purchasing an additional 250,548 shares during the period. Baupost Group LLC MA raised its stake in shares of Antero Resources by 12.9% during the 3rd quarter. Baupost Group LLC MA now owns 23,912,257 shares of the oil and natural gas company’s stock worth $475,854,000 after purchasing an additional 2,741,261 shares during the period. BlackRock Inc. raised its stake in shares of Antero Resources by 1.0% during the 4th quarter. BlackRock Inc. now owns 11,866,714 shares of the oil and natural gas company’s stock worth $225,469,000 after purchasing an additional 122,303 shares during the period. Sound Shore Management Inc. CT raised its stake in shares of Antero Resources by 5.6% during the 3rd quarter. Sound Shore Management Inc. CT now owns 9,932,900 shares of the oil and natural gas company’s stock worth $197,665,000 after purchasing an additional 526,500 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Antero Resources by 60.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,325,460 shares of the oil and natural gas company’s stock worth $66,176,000 after purchasing an additional 1,254,460 shares during the period. Institutional investors own 94.31% of the company’s stock.
Shares of Antero Resources (NYSE AR) opened at $20.82 on Wednesday. The company has a market capitalization of $6,610.00, a price-to-earnings ratio of 6.33, a PEG ratio of 1.09 and a beta of 0.90. Antero Resources has a 52 week low of $16.31 and a 52 week high of $24.31. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.09.
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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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