Poplar Forest Capital LLC Sells 1,284,316 Shares of Antero Resources Corp (NYSE:AR)

Poplar Forest Capital LLC lowered its holdings in shares of Antero Resources Corp (NYSE:AR) by 41.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,788,364 shares of the oil and natural gas company’s stock after selling 1,284,316 shares during the period. Poplar Forest Capital LLC owned 0.58% of Antero Resources worth $9,890,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Thompson Siegel & Walmsley LLC lifted its position in Antero Resources by 21.5% during the first quarter. Thompson Siegel & Walmsley LLC now owns 11,220,124 shares of the oil and natural gas company’s stock worth $99,074,000 after acquiring an additional 1,987,140 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University lifted its position in Antero Resources by 198.0% during the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 6,693,966 shares of the oil and natural gas company’s stock worth $59,108,000 after acquiring an additional 4,447,772 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Antero Resources by 46.0% during the first quarter. JPMorgan Chase & Co. now owns 3,198,782 shares of the oil and natural gas company’s stock worth $28,246,000 after acquiring an additional 1,007,490 shares during the last quarter. First Trust Advisors LP lifted its position in Antero Resources by 20.3% during the first quarter. First Trust Advisors LP now owns 1,374,943 shares of the oil and natural gas company’s stock worth $12,141,000 after acquiring an additional 232,249 shares during the last quarter. Finally, DDD Partners LLC acquired a new stake in Antero Resources during the second quarter worth approximately $7,224,000. Institutional investors and hedge funds own 91.49% of the company’s stock.

A number of research firms have recently weighed in on AR. Macquarie upgraded shares of Antero Resources from an “underperform” rating to a “neutral” rating in a research report on Friday, August 2nd. They noted that the move was a valuation call. TD Securities dropped their price target on shares of Antero Resources from $9.00 to $7.50 and set a “buy” rating for the company in a research report on Friday, August 2nd. Morgan Stanley lifted their price target on shares of Antero Resources from $6.00 to $6.25 and gave the company an “equal weight” rating in a research report on Friday, July 12th. Capital One Financial upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, June 18th. Finally, Canaccord Genuity reiterated an “average” rating and issued a $3.50 price target on shares of Antero Resources in a research report on Wednesday, June 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $12.13.

Shares of Antero Resources stock traded up $0.17 during trading on Friday, hitting $3.61. The company’s stock had a trading volume of 8,798,300 shares, compared to its average volume of 11,989,363. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.58 and a quick ratio of 0.58. Antero Resources Corp has a 52 week low of $3.21 and a 52 week high of $20.21. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 4.25 and a beta of 0.70. The stock has a 50-day moving average price of $4.66 and a two-hundred day moving average price of $7.13.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.08). Antero Resources had a positive return on equity of 2.99% and a negative net margin of 4.91%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm earned $0.02 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts predict that Antero Resources Corp will post -0.17 EPS for the current fiscal year.

In other news, insider Glen C. Warren, Jr. bought 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average price of $6.93 per share, for a total transaction of $173,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul M. Rady bought 7,200 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was purchased at an average price of $6.90 per share, for a total transaction of $49,680.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 48,050 shares of company stock worth $330,062. 9.70% of the stock is currently owned by insiders.

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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