Vaughan Nelson Investment Management L.P. Cuts Stock Position in Antero Resources Corporation $AR

Vaughan Nelson Investment Management L.P. trimmed its position in shares of Antero Resources Corporation (NYSE:AR) by 14.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,842,643 shares of the oil and natural gas company’s stock after selling 304,575 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Antero Resources were worth $61,839,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Invesco Ltd. lifted its position in shares of Antero Resources by 18.4% during the second quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock worth $211,805,000 after purchasing an additional 817,977 shares in the last quarter. Sourcerock Group LLC grew its holdings in shares of Antero Resources by 10.6% in the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after purchasing an additional 783,117 shares in the last quarter. SG Americas Securities LLC increased its stake in Antero Resources by 1,817.7% during the 2nd quarter. SG Americas Securities LLC now owns 482,506 shares of the oil and natural gas company’s stock worth $19,435,000 after buying an additional 457,345 shares during the period. HRT Financial LP lifted its holdings in Antero Resources by 986.6% during the 2nd quarter. HRT Financial LP now owns 432,108 shares of the oil and natural gas company’s stock worth $17,405,000 after buying an additional 392,341 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Antero Resources by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company’s stock worth $1,200,249,000 after buying an additional 350,018 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Tudor Pickering upgraded shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Morgan Stanley lifted their target price on Antero Resources from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 9th. Wall Street Zen downgraded Antero Resources from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Barclays increased their price target on Antero Resources from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, December 11th. Finally, BMO Capital Markets boosted their price objective on Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.47.

Antero Resources Stock Performance

NYSE:AR opened at $32.33 on Wednesday. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $44.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $9.97 billion, a PE ratio of 17.19 and a beta of 0.50. The business’s fifty day moving average price is $34.34 and its 200 day moving average price is $33.95.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.38). Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company posted ($0.07) earnings per share. The company’s revenue was up 15.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Antero Resources news, insider Brendan E. Krueger purchased 5,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $33.35 per share, with a total value of $166,750.00. Following the completion of the acquisition, the insider directly owned 295,917 shares of the company’s stock, valued at $9,868,831.95. This trade represents a 1.72% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.30% of the stock is currently owned by insiders.

Antero Resources Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.