GAMMA Investing LLC Trims Stock Holdings in Antero Resources Corporation $AR

GAMMA Investing LLC cut its holdings in shares of Antero Resources Corporation (NYSE:AR) by 8.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,978 shares of the oil and natural gas company’s stock after selling 475 shares during the quarter. GAMMA Investing LLC’s holdings in Antero Resources were worth $201,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Antero Resources by 35.4% in the first quarter. Versant Capital Management Inc now owns 3,076 shares of the oil and natural gas company’s stock worth $124,000 after buying an additional 805 shares during the last quarter. Merit Financial Group LLC acquired a new position in Antero Resources during the 1st quarter worth $462,000. UMB Bank n.a. grew its holdings in Antero Resources by 123.4% during the 1st quarter. UMB Bank n.a. now owns 3,130 shares of the oil and natural gas company’s stock worth $127,000 after acquiring an additional 1,729 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Antero Resources in the 1st quarter worth about $355,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Antero Resources in the 1st quarter valued at about $1,018,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Trading Up 0.2%

NYSE:AR opened at $34.11 on Monday. The firm has a market capitalization of $10.54 billion, a P/E ratio of 21.72 and a beta of 0.64. The business has a 50 day simple moving average of $32.44 and a 200 day simple moving average of $36.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30. Antero Resources Corporation has a 12-month low of $25.36 and a 12-month high of $44.01.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.33). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the business posted ($0.21) earnings per share. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. Equities research analysts predict that Antero Resources Corporation will post 2.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AR shares. Raymond James Financial lifted their price target on Antero Resources from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 22nd. Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a research report on Wednesday, August 13th. Barclays boosted their price target on Antero Resources from $38.00 to $43.00 and gave the company an “equal weight” rating in a report on Monday, July 7th. Citigroup upgraded Antero Resources from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $39.00 in a research note on Tuesday, September 23rd. Finally, UBS Group lowered their target price on shares of Antero Resources from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.75.

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.