Artemis Investment Management LLP lowered its holdings in shares of Antero Resources Corporation (NYSE:AR) by 28.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,188 shares of the oil and natural gas company’s stock after selling 19,922 shares during the period. Artemis Investment Management LLP’s holdings in Antero Resources Corporation were worth $980,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in shares of Antero Resources Corporation during the 1st quarter worth about $212,000. SG Americas Securities LLC acquired a new stake in shares of Antero Resources Corporation in the second quarter worth approximately $215,000. Linscomb & Williams Inc. acquired a new stake in shares of Antero Resources Corporation in the second quarter worth approximately $220,000. PNC Financial Services Group Inc. boosted its position in shares of Antero Resources Corporation by 22.3% in the second quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock worth $223,000 after acquiring an additional 1,891 shares during the last quarter. Finally, Balasa Dinverno & Foltz LLC acquired a new stake in shares of Antero Resources Corporation in the third quarter worth approximately $211,000. Institutional investors and hedge funds own 93.55% of the company’s stock.
Shares of Antero Resources Corporation (AR) opened at $19.89 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $6,394.71, a price-to-earnings ratio of 106.63 and a beta of 0.95. Antero Resources Corporation has a 1-year low of $17.89 and a 1-year high of $27.23.
Antero Resources Corporation (NYSE:AR) last announced its earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a positive return on equity of 0.78% and a negative net margin of 12.82%. The business had revenue of $775.30 million for the quarter, compared to the consensus estimate of $798.88 million. During the same quarter in the previous year, the company posted $0.18 EPS. research analysts expect that Antero Resources Corporation will post -0.02 EPS for the current fiscal year.
A number of analysts recently issued reports on AR shares. Cowen and Company set a $25.00 price target on shares of Antero Resources Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, July 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Antero Resources Corporation in a report on Friday, July 21st. Citigroup Inc. reduced their price target on shares of Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating for the company in a report on Friday, July 21st. Finally, BidaskClub downgraded shares of Antero Resources Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $27.74.
In other Antero Resources Corporation news, insider Kevin J. Kilstrom sold 82,760 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.99, for a total value of $1,654,372.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 9.20% of the company’s stock.
About Antero Resources Corporation
Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.
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