Antero Resources Corporation $AR Position Cut by Crystal Cove Asset Management LLC

Crystal Cove Asset Management LLC lessened its holdings in Antero Resources Corporation (NYSE:AR) by 44.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 271,324 shares of the oil and natural gas company’s stock after selling 220,063 shares during the period. Antero Resources accounts for approximately 13.6% of Crystal Cove Asset Management LLC’s portfolio, making the stock its 3rd largest holding. Crystal Cove Asset Management LLC’s holdings in Antero Resources were worth $9,060,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Bank of America Corp DE purchased a new stake in shares of Antero Resources in the second quarter valued at $40,916,000. BIP Wealth LLC purchased a new stake in Antero Resources during the 2nd quarter worth about $1,633,000. Counterpoint Mutual Funds LLC raised its stake in Antero Resources by 3,281.2% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 273,369 shares of the oil and natural gas company’s stock valued at $9,128,000 after purchasing an additional 265,284 shares during the last quarter. Webs Creek Capital Management LP acquired a new position in Antero Resources in the 2nd quarter valued at about $46,963,240. Finally, BlackRock Inc. purchased a new position in Antero Resources in the 2nd quarter valued at about $966,982,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Trading Up 0.0%

NYSE AR opened at $38.72 on Friday. Antero Resources Corporation has a 12 month low of $31.15 and a 12 month high of $45.75. The company has a 50-day moving average of $37.42 and a 200-day moving average of $36.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market cap of $11.89 billion, a P/E ratio of 8.74 and a beta of 0.50.

Wall Street Analysts Forecast Growth

AR has been the topic of several analyst reports. Stifel Nicolaus started coverage on shares of Antero Resources in a research note on Thursday, September 10th. They set a “hold” rating and a $42.00 price target on the stock. Mizuho cut their price objective on shares of Antero Resources from $57.00 to $51.00 and set an “outperform” rating for the company in a research report on Thursday, October 8th. Citigroup upped their price objective on shares of Antero Resources from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Raymond James Financial raised their target price on shares of Antero Resources from $50.00 to $55.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 1st. Finally, Wells Fargo & Company lifted their target price on shares of Antero Resources from $57.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Five investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.74.

About Antero Resources

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.