BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in Antero Resources Corp (NYSE:AR) by 26.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,435 shares of the oil and natural gas company’s stock after selling 23,133 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Antero Resources were worth $1,141,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AR. JPMorgan Chase & Co. raised its position in shares of Antero Resources by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 2,291,607 shares of the oil and natural gas company’s stock worth $40,585,000 after acquiring an additional 123,866 shares during the period. BP Capital Fund Advisors LLC acquired a new position in shares of Antero Resources in the third quarter worth about $3,434,000. Allianz Asset Management GmbH raised its position in shares of Antero Resources by 4.2% in the third quarter. Allianz Asset Management GmbH now owns 200,674 shares of the oil and natural gas company’s stock worth $3,554,000 after acquiring an additional 8,081 shares during the period. Eaton Vance Management raised its position in shares of Antero Resources by 6.2% in the third quarter. Eaton Vance Management now owns 1,928,579 shares of the oil and natural gas company’s stock worth $34,155,000 after acquiring an additional 112,886 shares during the period. Finally, United Services Automobile Association raised its position in shares of Antero Resources by 2.9% in the third quarter. United Services Automobile Association now owns 710,622 shares of the oil and natural gas company’s stock worth $12,585,000 after acquiring an additional 20,159 shares during the period. 95.93% of the stock is currently owned by institutional investors.

AR has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Scotiabank reiterated a “hold” rating and issued a $26.00 price objective on shares of Antero Resources in a research report on Monday, October 1st. Credit Suisse Group decreased 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 initiated coverage on shares of Antero Resources in a research report on Wednesday, December 5th. They issued a “buy” rating and a $17.00 price objective for the company. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $13.00 price objective on shares of Antero Resources in a research report on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $21.90.

AR opened at $10.78 on Tuesday. Antero Resources Corp has a twelve month low of $10.64 and a twelve month 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. The stock has a market cap of $3.59 billion, a P/E ratio of 14.50, a P/E/G ratio of 0.69 and a beta of 0.76.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Antero Resources had a net margin of 5.12% and a return on equity of 2.80%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned $0.01 EPS. The company’s revenue for the quarter was up 38.6% on a year-over-year basis. On average, sell-side analysts expect that Antero Resources Corp will post 0.82 earnings per share for the current fiscal year.

In other Antero Resources news, Director Robert J. Clark sold 20,429 shares of the stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard W. Connor sold 6,907 shares of the stock in a transaction dated 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. In the last 90 days, insiders have sold 28,336 shares of company stock valued at $388,888. Insiders own 9.40% of the company’s stock.

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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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