Wedge Capital Management L L P NC Sells 6,563 Shares of Antero Resources Corp (NYSE:AR)

Wedge Capital Management L L P NC decreased its holdings in Antero Resources Corp (NYSE:AR) by 13.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,297 shares of the oil and natural gas company’s stock after selling 6,563 shares during the period. Wedge Capital Management L L P NC’s holdings in Antero Resources were worth $128,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd purchased a new stake in Antero Resources in the second quarter valued at $65,000. Sanders Morris Harris LLC grew its stake in Antero Resources by 22.7% during the 2nd quarter. Sanders Morris Harris LLC now owns 81,000 shares of the oil and natural gas company’s stock valued at $445,000 after acquiring an additional 15,000 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Antero Resources by 100.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the oil and natural gas company’s stock valued at $35,000 after acquiring an additional 3,200 shares in the last quarter. NEXT Financial Group Inc purchased a new stake in Antero Resources during the 2nd quarter valued at about $155,000. Finally, Cerebellum GP LLC grew its stake in Antero Resources by 2,282.5% during the 2nd quarter. Cerebellum GP LLC now owns 61,850 shares of the oil and natural gas company’s stock valued at $342,000 after acquiring an additional 59,254 shares in the last quarter. 94.33% of the stock is currently owned by institutional investors and hedge funds.

AR has been the subject of several analyst reports. Mitsubishi UFJ Financial Group reissued a “neutral” rating and issued a $3.00 price target (down previously from $6.00) on shares of Antero Resources in a research note on Tuesday, October 8th. Cfra lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. ValuEngine upgraded shares of Antero Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Guggenheim set a $7.00 price objective on shares of Antero Resources and gave the company a “buy” rating in a report on Friday, September 27th. Finally, National Bank Financial lifted their price target on shares of Antero Resources from $4.00 to $4.25 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $9.28.

AR remained flat at $$2.86 on Friday. 6,280,123 shares of the company were exchanged, compared to its average volume of 8,745,277. The firm has a 50 day moving average of $2.85 and a two-hundred day moving average of $4.76. The stock has a market cap of $833.70 million, a P/E ratio of 3.71 and a beta of 0.77. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.62. Antero Resources Corp has a 12-month low of $2.38 and a 12-month high of $16.45.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Tuesday, October 29th. The oil and natural gas company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.19). Antero Resources had a negative net margin of 20.96% and a positive return on equity of 0.32%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $988.92 million. During the same period in the prior year, the company posted $0.07 earnings per share. Antero Resources’s quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts forecast that Antero Resources Corp will post -0.35 EPS for the current fiscal year.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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