Eagle Asset Management Inc. Decreases Stake in Antero Resources Co. (NYSE:AR)

Eagle Asset Management Inc. reduced its position in shares of Antero Resources Co. (NYSE:AR) by 11.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,742,679 shares of the oil and natural gas company’s stock after selling 367,489 shares during the period. Eagle Asset Management Inc. owned 0.88% of Antero Resources worth $80,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of Antero Resources by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock valued at $55,278,000 after acquiring an additional 27,617 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Antero Resources by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after acquiring an additional 122,815 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in Antero Resources by 2.7% in the third quarter. Thompson Siegel & Walmsley LLC now owns 221,736 shares of the oil and natural gas company’s stock worth $6,353,000 after acquiring an additional 5,932 shares during the last quarter. Payden & Rygel lifted its stake in Antero Resources by 1,172.6% in the third quarter. Payden & Rygel now owns 49,760 shares of the oil and natural gas company’s stock worth $1,426,000 after acquiring an additional 45,850 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Antero Resources by 85.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company’s stock worth $4,810,000 after acquiring an additional 77,193 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Performance

Shares of AR opened at $33.40 on Friday. The business’s fifty day moving average price is $28.55 and its 200 day moving average price is $30.06. Antero Resources Co. has a 12-month low of $20.10 and a 12-month high of $36.28. The stock has a market capitalization of $10.39 billion, a PE ratio of 238.57 and a beta of 3.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Wall Street Analyst Weigh In

AR has been the subject of several recent analyst reports. Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. BMO Capital Markets boosted their price objective on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Barclays reduced their price objective on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Finally, Morgan Stanley reduced their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.50.

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.