Smithfield Trust Co. reduced its stake in shares of Antero Resources Corporation (NYSE:AR) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 5,714 shares of the oil and natural gas company’s stock after selling 90 shares during the period. Smithfield Trust Co.’s holdings in Antero Resources Corporation were worth $123,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AR. Daiwa Securities Group Inc. boosted its position in shares of Antero Resources Corporation by 29.4% in the first quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the oil and natural gas company’s stock valued at $100,000 after buying an additional 1,000 shares during the period. First Quadrant L P CA acquired a new position in shares of Antero Resources Corporation during the first quarter valued at about $141,000. Advisors Capital Management LLC acquired a new position in shares of Antero Resources Corporation during the first quarter valued at about $156,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Antero Resources Corporation by 268.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the oil and natural gas company’s stock valued at $185,000 after buying an additional 5,900 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in shares of Antero Resources Corporation during the first quarter valued at about $204,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Shares of Antero Resources Corporation (NYSE:AR) opened at 18.53 on Thursday. Antero Resources Corporation has a 12-month low of $18.27 and a 12-month high of $28.30. The firm has a market capitalization of $5.83 billion, a PE ratio of 430.93 and a beta of 0.95. The firm has a 50-day moving average of $20.85 and a 200-day moving average of $22.36.

Antero Resources Corporation (NYSE:AR) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01. The company had revenue of $736 million for the quarter, compared to analysts’ expectations of $778.55 million. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. Equities analysts anticipate that Antero Resources Corporation will post $0.39 earnings per share for the current year.

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Several equities analysts have issued reports on the stock. Capital One Financial Corporation restated an “overweight” rating on shares of Antero Resources Corporation in a research report on Thursday, August 3rd. Stifel Nicolaus restated a “hold” rating and issued a $25.00 price target on shares of Antero Resources Corporation in a research report on Friday, July 21st. Zacks Investment Research cut shares of Antero Resources Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub cut shares of Antero Resources Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Scotiabank set a $31.00 price target on shares of Antero Resources Corporation and gave the company a “buy” rating in a research report on Monday, May 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $29.88.

In other Antero Resources Corporation news, insider K. Phil Yoo sold 3,785 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $20.55, for a total transaction of $77,781.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ward D. Mcneilly sold 24,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $22.05, for a total transaction of $529,200.00. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by insiders.

Antero Resources Corporation Company Profile

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

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