Antero Resources Corporation $AR Stock Sold by State of Wyoming

State of Wyoming trimmed its stake in Antero Resources Corporation (NYSE:AR) by 80.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,152 shares of the oil and natural gas company’s stock after selling 24,659 shares during the quarter. State of Wyoming’s holdings in Antero Resources were worth $205,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of AR. BlackRock Inc. acquired a new position in shares of Antero Resources during the 2nd quarter worth approximately $966,982,000. Bank of New York Mellon Corp acquired a new stake in shares of Antero Resources in the 2nd quarter valued at approximately $106,063,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Antero Resources in the second quarter valued at $100,212,000. Palo Duro Investment Partners LP bought a new position in shares of Antero Resources in the second quarter valued at $95,985,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Antero Resources in the second quarter valued at $78,177,000. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Price Performance

NYSE:AR opened at $36.14 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average price is $37.55 and its two-hundred day moving average price is $36.89. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 8.16 and a beta of 0.50. Antero Resources Corporation has a 12-month low of $31.15 and a 12-month high of $45.75.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus started coverage on shares of Antero Resources in a report on Thursday, September 10th. They set a “hold” rating and a $42.00 target price on the stock. The Goldman Sachs Group increased their price target on shares of Antero Resources from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Wells Fargo & Company increased their price target on shares of Antero Resources from $57.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Benchmark lifted their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Finally, UBS Group lowered their price objective on shares of Antero Resources from $58.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. Five investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.74.

Antero Resources Profile

Antero Resources Corporation is an independent energy company focused on acquiring, developing and producing natural gas, natural gas liquids and oil from unconventional reserves in the Appalachian Basin. Its operations are concentrated in the Marcellus Shale in West Virginia and the Utica Shale in Ohio.

The company’s products include natural gas and natural gas liquids such as ethane, propane, butane and natural gasoline. Antero also markets and transports its production to customers, including users in domestic and international energy markets.

Founded in 2002, Antero Resources is headquartered in Denver, Colorado.