Brown Advisory Inc. cut its position in Antero Resources Corp (NYSE:AR) by 11.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 153,982 shares of the oil and natural gas company’s stock after selling 20,625 shares during the quarter. Brown Advisory Inc.’s holdings in Antero Resources were worth $2,727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eqis Capital Management Inc. bought a new position in Antero Resources in the 2nd quarter worth approximately $257,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Antero Resources in the 2nd quarter worth approximately $4,230,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in Antero Resources by 4.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 676,082 shares of the oil and natural gas company’s stock worth $14,434,000 after purchasing an additional 31,364 shares during the last quarter. Aviva PLC raised its position in Antero Resources by 5.5% in the 2nd quarter. Aviva PLC now owns 117,726 shares of the oil and natural gas company’s stock worth $2,513,000 after purchasing an additional 6,122 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Antero Resources by 48.8% in the 2nd quarter. First Trust Advisors LP now owns 1,158,731 shares of the oil and natural gas company’s stock worth $24,739,000 after purchasing an additional 380,164 shares during the last quarter. Hedge funds and other institutional investors own 95.94% of the company’s stock.

Shares of Antero Resources stock opened at $12.75 on Friday. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 0.77 and a beta of 0.75. Antero Resources Corp has a 52 week low of $12.11 and a 52 week high of $22.69. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Antero Resources had a net margin of 5.12% and a return on equity of 2.80%. The business’s revenue for the quarter was up 38.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS. As a group, sell-side analysts forecast that Antero Resources Corp will post 0.83 EPS for the current year.

In related news, Director Robert J. Clark sold 20,429 shares of the company’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $12.80, for a total value of $261,491.20. Following the completion of the sale, the director now owns 26,924 shares in the company, valued at approximately $344,627.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard W. Connor sold 6,907 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $16.49, for a total transaction of $113,896.43. Following the completion of the sale, the director now owns 26,059 shares of the company’s stock, valued at approximately $429,712.91. The disclosure for this sale can be found here. Insiders have sold a total of 28,336 shares of company stock valued at $388,888 in the last quarter. Corporate insiders own 9.40% of the company’s stock.

Several research analysts recently weighed in on AR shares. BMO Capital Markets set a $15.00 price objective on shares of Antero Resources and gave the stock a “hold” rating in a research report on Monday, November 12th. Credit Suisse Group dropped their price objective on shares of Antero Resources from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, November 1st. MKM Partners started coverage on shares of Antero Resources in a research report on Wednesday. They issued a “buy” rating and a $17.00 price objective for the company. ValuEngine cut shares of Antero Resources from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 15th. Finally, Citigroup dropped their price objective on shares of Antero Resources from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Antero Resources presently has a consensus rating of “Hold” and a consensus target price of $22.53.

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About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.

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

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