Antero Resources Co. (NYSE:AR) Position Cut by Eagle Asset Management Inc.

Eagle Asset Management Inc. trimmed its stake in Antero Resources Co. (NYSE:AR) by 11.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,742,679 shares of the oil and natural gas company’s stock after selling 367,489 shares during the quarter. Eagle Asset Management Inc.’s holdings in Antero Resources were worth $80,169,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its holdings in shares of Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 686 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Antero Resources during the third quarter valued at $45,000. Mattson Financial Services LLC acquired a new position in shares of Antero Resources during the second quarter valued at $64,000. GAMMA Investing LLC increased its holdings in shares of Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 655 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Antero Resources by 19.9% during the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock valued at $121,000 after purchasing an additional 702 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AR. Citigroup began coverage on Antero Resources in a report on Tuesday, September 17th. They set a “neutral” rating and a $29.00 target price on the stock. UBS Group dropped their price target on Antero Resources from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. The Goldman Sachs Group dropped their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Wolfe Research raised Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a research note on Wednesday, September 11th. Finally, Roth Capital raised Antero Resources to a “strong-buy” rating in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.50.

Antero Resources Stock Up 0.7 %

Shares of AR stock opened at $33.40 on Friday. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28. The firm has a market cap of $10.39 billion, a PE ratio of 238.57 and a beta of 3.36. The stock has a 50 day moving average of $28.55 and a 200-day moving average of $30.06. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.