Public Employees Retirement System of Ohio lowered its stake in Antero Resources Corp (NYSE:AR) by 33.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,541 shares of the oil and natural gas company’s stock after selling 23,502 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Antero Resources were worth $144,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BB&T Securities LLC acquired a new position in shares of Antero Resources in the 3rd quarter valued at $30,000. First Republic Investment Management Inc. acquired a new position in shares of Antero Resources in the 2nd quarter valued at $58,000. US Bancorp DE lifted its stake in shares of Antero Resources by 180.7% in the 2nd quarter. US Bancorp DE now owns 11,810 shares of the oil and natural gas company’s stock valued at $65,000 after purchasing an additional 7,603 shares during the period. MAI Capital Management acquired a new position in shares of Antero Resources in the 2nd quarter valued at $66,000. Finally, M&T Bank Corp acquired a new position in shares of Antero Resources in the 2nd quarter valued at $71,000. 95.63% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on the company. Guggenheim cut their price target on Antero Resources from $7.00 to $6.75 and set a “buy” rating on the stock in a research note on Tuesday. Cfra downgraded Antero Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. ValuEngine raised Antero Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Evercore ISI reissued a “hold” rating on shares of Antero Resources in a research note on Wednesday. Finally, Morgan Stanley downgraded Antero Resources from an “equal” rating to a “weight” rating and cut their price target for the company from $3.25 to $1.50 in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $8.56.

AR opened at $2.69 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.88. Antero Resources Corp has a 12 month low of $1.86 and a 12 month high of $12.03. The company has a fifty day simple moving average of $2.41 and a 200 day simple moving average of $3.86. The stock has a market cap of $818.49 million, a P/E ratio of 3.49 and a beta of 0.71.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Tuesday, October 29th. The oil and natural gas company reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.19). Antero Resources had a negative net margin of 20.96% and a positive return on equity of 0.32%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $988.92 million. During the same quarter in the prior year, the company earned $0.07 EPS. Antero Resources’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts expect that Antero Resources Corp will post -0.54 earnings per share for the current fiscal year.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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

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