Antero Resources Corp's (NYSE:AR) Senior Vice President of Accounting and Chief Accounting Officer, Sheri Pearce, has sold 16,377 shares of common stock at a price of $35.50, totaling approximately $581,383. This transaction was reported in a recent filing with the Securities and Exchange Commission.
The sale, which took place on May 20, 2024, has left Pearce with a remaining direct ownership of 77,460 shares in the company, which includes shares subject to service-based vesting as part of Restricted Stock Unit (RSU) awards. The details of the transaction were disclosed in a Form 4 document filed with the SEC on May 21, 2024.
Antero Resources, based in Denver, Colorado, is a company operating in the crude petroleum and natural gas sector. Its shares are publicly traded under the ticker symbol NYSE:AR.
Investors often monitor the buying and selling activities of company insiders as it can provide insights into their perspective on the company's current valuation and future prospects. The recent sale by a high-ranking executive at Antero Resources may be of interest to shareholders and potential investors as they assess the company's performance and leadership's outlook.
It is important to note that the SEC filing only provides factual information about the transaction and does not offer any explanation or context regarding the executive's decision to sell the shares.
InvestingPro Insights
As investors digest the news of Sheri Pearce's sale of Antero Resources Corp (NYSE:AR) stock, current and potential shareholders may benefit from additional insights provided by InvestingPro. The company is currently trading at a high earnings multiple, with a P/E ratio of 157.94, suggesting a premium valuation compared to earnings. Additionally, despite the recent sale by the Senior Vice President of Accounting, the company has experienced a significant uptick in its stock price, with a 17.38% one-month price total return and a 34.14% three-month price total return as of the latest data.
InvestingPro data shows that Antero Resources has a market capitalization of $10.69 billion USD, reflecting the size and scale of the company within the crude petroleum and natural gas sector. Furthermore, the company's revenue over the last twelve months as of Q1 2024 stands at $4.316 billion USD. This financial metric, along with the investment activity of company insiders, can be pivotal for investors making informed decisions.
For those seeking more comprehensive analysis, InvestingPro offers additional tips on Antero Resources. Currently, there are 13 additional InvestingPro Tips available, which can provide deeper insights into the company's financial health, stock performance, and valuation metrics. Investors can access these valuable tips by visiting: https://www.investing.com/pro/AR.
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