Herr Investment Group LLC Cuts Position in Antero Resources Co. (NYSE:AR)

Herr Investment Group LLC trimmed its stake in shares of Antero Resources Co. (NYSE:AR) by 28.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the oil and natural gas company’s stock after selling 10,000 shares during the quarter. Herr Investment Group LLC’s holdings in Antero Resources were worth $816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after acquiring an additional 892 shares in the last quarter. Mather Group LLC. purchased a new position in Antero Resources during the first quarter valued at approximately $37,000. Lindbrook Capital LLC lifted its position in shares of Antero Resources by 35.1% during the first quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock valued at $58,000 after buying an additional 519 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Antero Resources by 28.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after acquiring an additional 602 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Antero Resources by 11.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after buying an additional 343 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the company’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 transaction, the insider now owns 248,363 shares in the company, valued at approximately $6,268,682.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Roth Capital raised Antero Resources to a “strong-buy” rating in a research note on Tuesday, August 27th. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $40.00 to $44.00 in a report on Tuesday, August 20th. Morgan Stanley decreased their price target on Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday. Wells Fargo & Company decreased their target price on Antero Resources from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. reduced their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.13.

Antero Resources Price Performance

NYSE AR opened at $27.25 on Friday. 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 $8.47 billion, a PE ratio of 136.25 and a beta of 3.33. The company’s 50 day simple moving average is $27.77 and its 200 day simple moving average is $30.17. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28.

Antero Resources (NYSE:AR) last released its 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). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The business had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million. As a group, equities research analysts forecast that Antero Resources Co. will post 0.34 EPS for the current fiscal 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.