Shufro Rose & Co. LLC Reduces Stake in Antero Resources Corporation (AR)
Shufro Rose & Co. LLC trimmed its stake in shares of Antero Resources Corporation (NYSE:AR) by 17.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,650 shares of the oil and natural gas company’s stock after selling 4,900 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Antero Resources were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in AR. Toronto Dominion Bank grew its holdings in Antero Resources by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock worth $186,000 after buying an additional 6,617 shares in the last quarter. Balasa Dinverno & Foltz LLC bought a new position in Antero Resources in the 3rd quarter worth approximately $211,000. SG Americas Securities LLC bought a new position in Antero Resources in the 2nd quarter worth approximately $215,000. Linscomb & Williams Inc. bought a new position in Antero Resources in the 2nd quarter worth approximately $220,000. Finally, PNC Financial Services Group Inc. grew its holdings in Antero Resources by 22.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock worth $223,000 after buying an additional 1,891 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
A number of brokerages recently issued reports on AR. Royal Bank Of Canada reissued a “hold” rating on shares of Antero Resources in a report on Monday, October 23rd. BMO Capital Markets set a $24.00 price target on Antero Resources and gave the company a “buy” rating in a research note on Thursday, August 10th. Barclays decreased their price target on Antero Resources from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, August 8th. Boenning Scattergood lowered Antero Resources from an “outperform” rating to a “sector perform” rating and set a $26.00 price target for the company. in a research note on Saturday, September 23rd. Finally, Howard Weil lowered Antero Resources from an “outperform” rating to a “sector perform” rating and set a $26.00 price target for the company. in a research note on Thursday, September 21st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.44.
Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $775.30 million for the quarter, compared to the consensus estimate of $798.88 million. Antero Resources had a positive return on equity of 0.78% and a negative net margin of 12.82%. During the same period in the prior year, the business earned $0.18 earnings per share. research analysts anticipate that Antero Resources Corporation will post -0.09 earnings per share for the current year.
In other news, insider K. Phil Yoo sold 10,865 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $19.25, for a total transaction of $209,151.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin J. Kilstrom sold 82,760 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $19.99, for a total value of $1,654,372.40. The disclosure for this sale can be found here. Company insiders own 9.20% of the company’s stock.
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About Antero Resources
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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