Antero Resources Co. (NYSE:AR) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its holdings in Antero Resources Co. (NYSE:AR) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 418,217 shares of the oil and natural gas company’s stock after selling 4,013 shares during the period. Raymond James & Associates owned about 0.13% of Antero Resources worth $13,646,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AR. Eagle Asset Management Inc. lifted its stake in Antero Resources by 9.3% in the fourth quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock valued at $75,761,000 after buying an additional 285,485 shares during the last quarter. Diversified Trust Co bought a new stake in Antero Resources in the 2nd quarter valued at about $1,154,000. M&T Bank Corp boosted its stake in Antero Resources by 5.6% during the 4th quarter. M&T Bank Corp now owns 21,474 shares of the oil and natural gas company’s stock valued at $487,000 after purchasing an additional 1,141 shares during the period. MADDEN SECURITIES Corp grew its position in Antero Resources by 38.5% in the 1st quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company’s stock worth $4,351,000 after purchasing an additional 41,725 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in shares of Antero Resources by 223.3% in the fourth quarter. National Bank of Canada FI now owns 121,911 shares of the oil and natural gas company’s stock valued at $2,758,000 after purchasing an additional 84,201 shares during the period. Institutional investors own 83.04% of the company’s stock.

Insider Activity

In related news, insider Yvette K. Schultz sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total value of $1,262,000.00. Following the completion of the transaction, the insider now owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of recent analyst reports. StockNews.com raised Antero Resources to a “sell” rating in a report on Friday, April 26th. Wolfe Research initiated coverage on Antero Resources in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. The Goldman Sachs Group upped their price objective on shares of Antero Resources from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Jefferies Financial Group raised their target price on shares of Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $40.00 to $44.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.69.

Antero Resources Price Performance

NYSE AR opened at $27.58 on Friday. The stock has a market capitalization of $8.57 billion, a P/E ratio of 137.90 and a beta of 3.40. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The business’s fifty day moving average is $30.12 and its two-hundred day moving average is $29.80. Antero Resources Co. has a 1 year low of $20.10 and a 1 year high of $36.28.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). The company had revenue of $978.65 million during the quarter, compared to analyst estimates of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. On average, research analysts forecast that Antero Resources Co. will post 0.42 earnings per share for the current fiscal year.

Antero Resources Profile

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.