GAMMA Investing LLC Sells 366 Shares of Antero Resources Co. (NYSE:AR)

GAMMA Investing LLC lowered its stake in Antero Resources Co. (NYSE:AR) by 12.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,646 shares of the oil and natural gas company’s stock after selling 366 shares during the quarter. GAMMA Investing LLC’s holdings in Antero Resources were worth $76,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AR. Vanguard Group Inc. raised its holdings in Antero Resources by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock valued at $813,932,000 after buying an additional 372,450 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Antero Resources by 33.7% during the fourth quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock valued at $238,985,000 after acquiring an additional 2,655,604 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Antero Resources by 269.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock worth $129,453,000 after purchasing an additional 2,893,395 shares during the period. Merewether Investment Management LP grew its stake in shares of Antero Resources by 4.6% in the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock worth $96,061,000 after purchasing an additional 128,200 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Antero Resources by 17.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,541,813 shares of the oil and natural gas company’s stock valued at $82,939,000 after purchasing an additional 381,310 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analysts Set New Price Targets

AR has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price objective on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a report on Friday, September 6th. Barclays cut their price target on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. Wells Fargo & Company lowered shares of Antero Resources from an “overweight” rating to an “underweight” rating and cut their target price for the company from $34.00 to $25.00 in a research note on Tuesday, October 1st. Finally, Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a research note on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and an average target price of $32.81.

Insider Activity

In other news, insider Yvette K. Schultz sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the transaction, the insider now owns 248,363 shares of the company’s stock, valued at $6,268,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.70% of the company’s stock.

Antero Resources Stock Performance

Shares of AR opened at $27.35 on Wednesday. Antero Resources Co. has a one year low of $20.10 and a one year high of $36.28. The business has a fifty day moving average of $27.45 and a 200 day moving average of $30.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $8.50 billion, a P/E ratio of 136.75 and a beta of 3.33.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The business had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. As a group, sell-side analysts anticipate that Antero Resources Co. will post -0.21 EPS for the current year.

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.