Icon Advisers Inc. Co. decreased its stake in shares of Antero Resources Corporation (NYSE:AR) by 18.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 155,800 shares of the oil and natural gas company’s stock after selling 34,900 shares during the period. Icon Advisers Inc. Co.’s holdings in Antero Resources Corporation were worth $3,100,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Evergreen Capital Management LLC acquired a new stake in shares of Antero Resources Corporation in the second quarter worth $3,110,000. Delta Lloyd Asset Management N.V. acquired a new stake in shares of Antero Resources Corporation in the second quarter worth $1,373,000. Caymus Capital Partners L.P. increased its position in shares of Antero Resources Corporation by 34.5% in the second quarter. Caymus Capital Partners L.P. now owns 4,369,500 shares of the oil and natural gas company’s stock worth $94,425,000 after acquiring an additional 1,121,300 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Antero Resources Corporation by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 1,801,717 shares of the oil and natural gas company’s stock worth $38,934,000 after acquiring an additional 11,737 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Antero Resources Corporation by 20.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 311,221 shares of the oil and natural gas company’s stock worth $6,725,000 after acquiring an additional 53,045 shares in the last quarter. 94.24% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Kevin J. Kilstrom sold 82,760 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $19.99, for a total transaction of $1,654,372.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider K. Phil Yoo sold 10,865 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $19.25, for a total transaction of $209,151.25. The disclosure for this sale can be found here. Company insiders own 9.20% of the company’s stock.

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Antero Resources Corporation (NYSE:AR) traded up $0.11 during trading on Thursday, reaching $18.89. 1,723,700 shares of the company’s stock traded hands, compared to its average volume of 3,354,471. The firm has a market cap of $5,927.58, a PE ratio of 98.84 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.85. Antero Resources Corporation has a 52-week low of $17.89 and a 52-week high of $27.23.

Antero Resources Corporation (NYSE:AR) last announced its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a positive return on equity of 0.78% and a negative net margin of 12.82%. The business had revenue of $775.30 million during the quarter, compared to analyst estimates of $798.88 million. During the same period in the prior year, the firm earned $0.18 EPS. equities research analysts anticipate that Antero Resources Corporation will post -0.09 earnings per share for the current year.

Several research firms have recently issued reports on AR. Jefferies Group LLC set a $20.00 target price on shares of Antero Resources Corporation and gave the company a “hold” rating in a research note on Friday, November 17th. Barclays PLC decreased their target price on shares of Antero Resources Corporation from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, August 8th. BMO Capital Markets restated a “buy” rating on shares of Antero Resources Corporation in a research note on Friday, September 22nd. Cowen and Company restated a “hold” rating and issued a $25.00 target price on shares of Antero Resources Corporation in a research note on Tuesday, September 12th. Finally, Scotiabank set a $26.00 target price on shares of Antero Resources Corporation and gave the company a “buy” rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Antero Resources Corporation has a consensus rating of “Hold” and an average price target of $27.44.

About Antero Resources Corporation

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.

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

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