Short Interest in Antero Resources Corporation (AR) Decreases By 10.5%

Antero Resources Corporation (NYSE:AR) saw a large drop in short interest during the month of October. As of October 13th, there was short interest totalling 28,834,082 shares, a drop of 10.5% from the September 29th total of 32,219,548 shares. Approximately 13.6% of the company’s shares are short sold. Based on an average daily volume of 2,975,210 shares, the days-to-cover ratio is currently 9.7 days.

Several institutional investors have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Antero Resources Corporation by 0.8% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 22,990 shares of the oil and natural gas company’s stock worth $524,000 after buying an additional 190 shares in the last quarter. Texan Capital Management boosted its holdings in shares of Antero Resources Corporation by 2.0% during the 2nd quarter. Texan Capital Management now owns 26,845 shares of the oil and natural gas company’s stock worth $580,000 after buying an additional 535 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Antero Resources Corporation by 5.1% during the 2nd quarter. Royal Bank of Canada now owns 11,731 shares of the oil and natural gas company’s stock worth $254,000 after buying an additional 566 shares in the last quarter. Strs Ohio boosted its holdings in shares of Antero Resources Corporation by 0.3% during the 2nd quarter. Strs Ohio now owns 230,265 shares of the oil and natural gas company’s stock worth $4,976,000 after buying an additional 721 shares in the last quarter. Finally, Gargoyle Investment Advisor L.L.C. boosted its holdings in shares of Antero Resources Corporation by 3.2% during the 2nd quarter. Gargoyle Investment Advisor L.L.C. now owns 23,665 shares of the oil and natural gas company’s stock worth $511,000 after buying an additional 742 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Several research analysts have recently issued reports on AR shares. Zacks Investment Research raised shares of Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, July 11th. Cowen and Company set a $25.00 target price on shares of Antero Resources Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 target price on shares of Antero Resources Corporation in a research note on Friday, July 21st. Citigroup Inc. reduced their target price on shares of Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Finally, BidaskClub lowered shares of Antero Resources Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $28.06.

Antero Resources Corporation (NYSE:AR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). The business had revenue of $775.30 million for the quarter, compared to the consensus estimate of $798.88 million. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. During the same quarter in the previous year, the company posted $0.18 earnings per share.

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About Antero Resources Corporation

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

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