Wedge Capital Management L L P NC lessened its holdings in Antero Resources Corp (NYSE:AR) by 13.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,297 shares of the oil and natural gas company’s stock after selling 6,563 shares during the period. Wedge Capital Management L L P NC’s holdings in Antero Resources were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in Antero Resources by 100.0% during the second quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the oil and natural gas company’s stock valued at $35,000 after acquiring an additional 3,200 shares during the period. BB&T Securities LLC purchased a new position in Antero Resources in the third quarter worth about $30,000. First Republic Investment Management Inc. purchased a new position in Antero Resources in the second quarter worth about $58,000. Wetherby Asset Management Inc. purchased a new position in shares of Antero Resources during the second quarter valued at approximately $60,000. Finally, US Bancorp DE boosted its position in shares of Antero Resources by 180.7% during the second quarter. US Bancorp DE now owns 11,810 shares of the oil and natural gas company’s stock valued at $65,000 after buying an additional 7,603 shares during the period. Institutional investors and hedge funds own 94.33% of the company’s stock.
Several research firms have recently weighed in on AR. Cfra downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. TD Securities cut their price target on shares of Antero Resources from $9.00 to $7.50 and set a “buy” rating on the stock in a report on Friday, August 2nd. Morgan Stanley lowered shares of Antero Resources from an “equal” rating to a “weight” rating and dropped their price objective for the company from $3.25 to $1.50 in a report on Friday, October 4th. Macquarie raised shares of Antero Resources from an “underperform” rating to a “neutral” rating in a report on Friday, August 2nd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. assumed coverage on shares of Antero Resources in a report on Thursday, October 3rd. They issued an “underweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. Antero Resources currently has a consensus rating of “Hold” and an average price target of $9.28.
Antero Resources (NYSE:AR) last posted its quarterly earnings results on Tuesday, October 29th. The oil and natural gas company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.19). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $988.92 million. Antero Resources had a negative net margin of 20.96% and a positive return on equity of 0.32%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 earnings per share. Sell-side analysts forecast that Antero Resources Corp will post -0.35 earnings per share for the current year.
Antero Resources Company Profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
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