Short Interest in Antero Resources Corporation (AR) Declines By 10.5%
Antero Resources Corporation (NYSE:AR) saw a large drop in short interest in the month of October. As of October 13th, there was short interest totalling 28,834,082 shares, a drop of 10.5% from the September 29th total of 32,219,548 shares. Currently, 13.6% of the shares of the company are short sold. Based on an average daily volume of 2,975,210 shares, the short-interest ratio is presently 9.7 days.
AR has been the topic of a number of analyst reports. Citigroup Inc. dropped their target price on Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Robert W. Baird restated a “buy” rating and set a $38.00 target price on shares of Antero Resources Corporation in a research report on Sunday, September 10th. Zacks Investment Research upgraded Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, July 21st. KeyCorp restated a “buy” rating and set a $33.00 target price on shares of Antero Resources Corporation in a research report on Sunday, September 3rd. Finally, Howard Weil cut Antero Resources Corporation from an “outperform” rating to a “sector perform” rating and set a $26.00 price objective on the stock. in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Antero Resources Corporation presently has a consensus rating of “Buy” and an average target price of $28.06.
Shares of Antero Resources Corporation (AR) opened at 18.75 on Monday. The firm has a market cap of $5.92 billion, a P/E ratio of 436.05 and a beta of 0.96. The company has a 50-day moving average of $19.91 and a 200 day moving average of $20.56. Antero Resources Corporation has a 12-month low of $17.89 and a 12-month high of $27.85.
Antero Resources Corporation (NYSE:AR) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The company had revenue of $736.00 million for the quarter, compared to analysts’ expectations of $778.55 million. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS. Equities research analysts anticipate that Antero Resources Corporation will post $0.40 earnings per share for the current fiscal year.
In other Antero Resources Corporation news, insider K. Phil Yoo sold 3,785 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total transaction of $77,781.75. The sale was disclosed in a filing with the SEC, which is available through this link. 9.20% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the business. First Trust Advisors LP raised its stake in shares of Antero Resources Corporation by 15.0% in the 3rd quarter. First Trust Advisors LP now owns 759,338 shares of the oil and natural gas company’s stock valued at $15,111,000 after acquiring an additional 98,897 shares during the period. Advisors Capital Management LLC raised its stake in shares of Antero Resources Corporation by 9.7% in the 3rd quarter. Advisors Capital Management LLC now owns 79,282 shares of the oil and natural gas company’s stock valued at $1,578,000 after acquiring an additional 6,981 shares during the period. Sanders Morris Harris LLC purchased a new position in shares of Antero Resources Corporation in the 3rd quarter valued at $1,823,000. Balasa Dinverno & Foltz LLC purchased a new position in shares of Antero Resources Corporation in the 3rd quarter valued at $211,000. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Antero Resources Corporation by 3.1% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 46,145 shares of the oil and natural gas company’s stock valued at $997,000 after acquiring an additional 1,368 shares during the period. 93.67% of the stock is currently owned by institutional investors.
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Antero Resources Corporation Company Profile
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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