Denver, CO – Antero Resources Corp (NYSE:AR) disclosed in a recent filing that director Robert J. Clark sold 10,000 shares of common stock on May 1, 2024. The transaction totaled over $336,700, with shares sold at a price of $33.67 each.
Following the sale, Clark's remaining holdings in the company amount to 69,963 shares of Antero Resources' common stock. The transaction was executed directly, which indicates that Clark personally owns the shares.
Investors often monitor insider transactions as they can provide insights into how the company's leadership perceives the firm's valuation and future prospects. Sales and purchases of stock by company executives and directors are routinely disclosed through SEC filings and can influence market sentiment.
Antero Resources Corp, headquartered in Denver, Colorado, operates within the crude petroleum and natural gas industry. The company's stock is publicly traded, and movements in insider ownership are closely watched by the market.
As with any insider transaction, the sale by Clark is subject to regulatory disclosure requirements, and the details are made available to the public through filings with the Securities and Exchange Commission.
For further details on Antero Resources Corp's stock performance and insider transactions, investors are encouraged to review the company's filings and press releases.
InvestingPro Insights
As Antero Resources Corp (NYSE:AR) navigates the volatile energy market, recent insider transactions have drawn attention to the company's stock performance. With director Robert J. Clark's sale of shares, investors are keenly analyzing the company's financial health and future outlook. Here are some key metrics and insights from InvestingPro that may shed light on the current state of Antero Resources:
The company's market capitalization stands at a substantial $10.15 billion, reflecting significant investor interest and a robust valuation in the industry. Despite the impressive market cap, Antero Resources is trading at a high earnings multiple, with a P/E ratio of 150.28 and an adjusted P/E ratio for the last twelve months as of Q1 2024 at 134.01. This indicates that the stock is valued highly by the market relative to its earnings, which is a sentiment echoed by the recent insider sale.
InvestingPro Data highlights the robust gross profit margin of 63.98% for the last twelve months as of Q1 2024, signaling efficient operations and strong pricing power. However, the company's revenue growth has experienced a downturn, with a decrease of 47.37% over the last twelve months as of Q1 2024. This contraction could be a point of concern for investors looking for growth potential.
On the performance front, Antero Resources has seen a significant return over the last week, with a 1 Week Price Total Return of 8.17%. This short-term gain is part of a broader trend, as the stock has also delivered strong returns over the last month and three months, at 15.72% and 53.47% respectively. These figures suggest that the stock has been favorable for investors in recent times, despite the revenue contraction.
For those considering investing in Antero Resources, there are additional InvestingPro Tips available that provide deeper analysis. Currently, there are 15 more tips listed on InvestingPro, including insights on stock price volatility and the company's ability to cover short-term obligations. These tips can be accessed by visiting: https://www.investing.com/pro/AR
To gain full access to these insights, investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. This offer provides a comprehensive view of Antero Resources' financials, helping investors make informed decisions.
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