Raymond James & Associates Trims Position in Antero Resources (AR)
Raymond James & Associates decreased its position in shares of Antero Resources (NYSE:AR) by 33.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,480 shares of the oil and natural gas company’s stock after selling 11,474 shares during the period. Raymond James & Associates’ holdings in Antero Resources were worth $427,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd acquired a new stake in Antero Resources during the fourth quarter valued at $3,536,000. EnTrustPermal Partners Offshore LP acquired a new stake in shares of Antero Resources in the fourth quarter worth about $1,739,000. Honeywell International Inc. acquired a new stake in shares of Antero Resources in the fourth quarter worth about $447,000. Liberty Mutual Group Asset Management Inc. acquired a new stake in shares of Antero Resources in the fourth quarter worth about $870,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Antero Resources in the fourth quarter worth about $615,000. 94.37% of the stock is owned by hedge funds and other institutional investors.
Antero Resources stock opened at $19.10 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $6,080.43, a PE ratio of 159.17, a price-to-earnings-growth ratio of 1.08 and a beta of 0.81. Antero Resources has a 52 week low of $16.31 and a 52 week high of $22.68.
A number of analysts have weighed in on the company. Jefferies Group set a $22.00 price target on Antero Resources and gave the stock a “hold” rating in a research report on Wednesday. Morgan Stanley reduced their price target on Antero Resources from $22.00 to $20.00 and set an “equal weight” rating for the company in a research report on Friday. Citigroup cut Antero Resources from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $20.62 to $27.00 in a research report on Tuesday, April 17th. BMO Capital Markets reaffirmed a “buy” rating on shares of Antero Resources in a research report on Wednesday, January 24th. Finally, Zacks Investment Research cut Antero Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 17th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.94.
In other news, insider K. Phil Yoo sold 2,500 shares of Antero Resources stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $20.00, for a total value of $50,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 9.20% of the company’s stock.
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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