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Keenan W. Howard Jr., a director at Antero Resources Corp (NYSE:AR), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Howard disposed of a total of 1,100,000 shares in a series of transactions conducted on May 13 and May 14. The sale comes as the $12.45 billion energy company trades near its 52-week high of $42.62, having gained over 30% in the past six months. The sales were executed at prices ranging from $40.3182 to $41.0867 per share, amounting to a total transaction value of approximately $44.88 million.
Following these transactions, Howard’s indirect ownership, through Yorktown Energy Partners VIII, L.P., was reduced to zero shares, while his direct holdings stand at 364,992 shares. The transactions reflect Howard’s position as a member and manager of Yorktown VIII Associates LLC, the general partner of Yorktown VIII Company LP.
In other recent news, Antero Resources reported its first-quarter 2025 earnings, revealing a shortfall in both earnings per share (EPS) and revenue compared to analysts’ forecasts. The company’s EPS was $0.66, missing the expected $0.77, while revenue came in at $1.35 billion, below the forecast of $1.38 billion. Despite the earnings miss, Antero Resources maintained its production guidance and achieved a daily production rate of 3.4 billion cubic feet equivalent. Antero also generated $337 million in free cash flow and reduced debt by over $200 million, while repurchasing $92 million in stock. In response to the earnings report, JPMorgan lowered its price target for Antero Resources to $44 from $48, maintaining an Overweight rating. Conversely, Raymond (NSE:RYMD) James increased its price target to $57 and kept a Strong Buy rating, citing Antero’s adherence to its 2025 guidance. Additionally, Mizuho (NYSE:MFG) Securities upgraded Antero Resources from Neutral to Outperform with a price target of $49, reflecting a positive outlook for U.S. natural gas. These developments highlight varying analyst perspectives on Antero Resources amidst a challenging market environment.
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