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

GAMMA Investing LLC reduced its position in shares of Antero Resources Co. (NYSE:AR) by 12.2% in the third quarter, Holdings Channel reports. 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 reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mattson Financial Services LLC bought a new stake in Antero Resources during the second quarter worth approximately $64,000. Capital Impact Advisors LLC bought a new position in shares of Antero Resources during the 2nd quarter valued at approximately $740,000. Creative Planning raised its holdings in Antero Resources by 6.8% during the 2nd quarter. Creative Planning now owns 21,056 shares of the oil and natural gas company’s stock valued at $687,000 after buying an additional 1,340 shares during the period. Driehaus Capital Management LLC bought a new stake in Antero Resources in the second quarter worth $17,307,000. Finally, The Manufacturers Life Insurance Company increased its position in Antero Resources by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 300,292 shares of the oil and natural gas company’s stock valued at $9,799,000 after acquiring an additional 2,695 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AR has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Roth Mkm began coverage on Antero Resources in a report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price target on the stock. Wells Fargo & Company cut Antero Resources from an “overweight” rating to an “underweight” rating and dropped their price objective for the company from $34.00 to $25.00 in a report on Tuesday, October 1st. BMO Capital Markets increased their target price on Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Finally, The Goldman Sachs Group lowered their target price on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Two investment 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.81.

Antero Resources Trading Down 2.5 %

Shares of NYSE AR opened at $27.35 on Wednesday. The business has a fifty day moving average price of $27.45 and a 200 day moving average price of $30.43. Antero Resources Co. has a 1-year low of $20.10 and a 1-year high of $36.28. 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 stock 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 firm 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%. Equities research analysts expect that Antero Resources Co. will post -0.21 EPS for the current fiscal year.

Insider Activity

In related news, insider Yvette K. Schultz sold 50,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the transaction, the insider now directly owns 248,363 shares of the company’s stock, valued at $6,268,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.70% of the company’s stock.

Antero Resources Company 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.