Focus Partners Advisor Solutions LLC Sells 491 Shares of Antero Resources Corporation $AR

Focus Partners Advisor Solutions LLC reduced its stake in Antero Resources Corporation (NYSE:AR) by 4.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,454 shares of the oil and natural gas company’s stock after selling 491 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Antero Resources were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Invesco Ltd. grew its stake in shares of Antero Resources by 44.3% in the 1st quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock valued at $179,567,000 after purchasing an additional 1,362,370 shares during the period. Raymond James Financial Inc. grew its stake in shares of Antero Resources by 10.7% in the 1st quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company’s stock valued at $178,868,000 after purchasing an additional 428,167 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Antero Resources by 2.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,843,592 shares of the oil and natural gas company’s stock valued at $154,820,000 after purchasing an additional 99,635 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Antero Resources by 46.1% in the 1st quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company’s stock valued at $92,563,000 after purchasing an additional 721,767 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in Antero Resources by 12.1% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,147,218 shares of the oil and natural gas company’s stock worth $86,490,000 after acquiring an additional 232,420 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Stock Down 5.1%

Shares of AR opened at $30.02 on Friday. Antero Resources Corporation has a 52 week low of $25.36 and a 52 week high of $44.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of 15.97 and a beta of 0.56. The business’s fifty day moving average price is $32.46 and its two-hundred day moving average price is $35.14.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a return on equity of 7.55% and a net margin of 11.73%.The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the business earned ($0.21) earnings per share. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. On average, analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Wall Street Analyst Weigh In

AR has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Antero Resources in a research report on Wednesday, October 8th. Mizuho decreased their price target on Antero Resources from $49.00 to $41.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. UBS Group decreased their price objective on shares of Antero Resources from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, September 15th. Citigroup raised shares of Antero Resources from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $39.00 in a report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Antero Resources from $49.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.00.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.