Antero Resources Co. (NYSE:AR) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC cut its position in Antero Resources Co. (NYSE:AR) by 4.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,488 shares of the oil and natural gas company’s stock after selling 389 shares during the quarter. Bleakley Financial Group LLC’s holdings in Antero Resources were worth $215,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AR. Vanguard Group Inc. increased its stake 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 period. 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 raised its position in Antero Resources by 4.6% during the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock valued at $96,061,000 after acquiring an additional 128,200 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Antero Resources by 17.6% during the second 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 acquiring an additional 381,310 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in Antero Resources by 488.7% during the second quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock valued at $46,624,000 after acquiring an additional 1,186,163 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AR. The Goldman Sachs Group dropped their price target on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Jefferies Financial Group lifted their price target on shares of Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. reduced their target price on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Mizuho cut their price target on Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Finally, Truist Financial cut their price target on Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and an average price target of $32.76.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the business’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 completion of the sale, the insider now owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.70% of the company’s stock.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $27.69 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $8.61 billion, a PE ratio of 138.45 and a beta of 3.33. The business’s 50-day moving average price is $27.47 and its 200-day moving average price is $30.31. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28.

Antero Resources (NYSE:AR) last issued its quarterly earnings data 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 business had revenue of $978.65 million during the quarter, compared to the consensus estimate of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. Sell-side analysts forecast that Antero Resources Co. will post -0.21 EPS 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.