Antero Resources Co. (NYSE:AR) Shares Sold by P&S Credit Management L.P.

P&S Credit Management L.P. lowered its stake in shares of Antero Resources Co. (NYSE:AR) by 25.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 30,000 shares of the oil and natural gas company’s stock after selling 10,000 shares during the period. Antero Resources accounts for about 1.4% of P&S Credit Management L.P.’s holdings, making the stock its 8th biggest position. P&S Credit Management L.P.’s holdings in Antero Resources were worth $870,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Antero Resources in the 1st quarter valued at $1,544,000. Inscription Capital LLC acquired a new stake in shares of Antero Resources in the 1st quarter valued at $212,000. Wedmont Private Capital acquired a new stake in shares of Antero Resources in the 1st quarter valued at $432,000. MADDEN SECURITIES Corp lifted its position in Antero Resources by 38.5% during the 1st quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company’s stock worth $4,351,000 after acquiring an additional 41,725 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in Antero Resources during the 1st quarter worth $37,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AR. Truist Financial cut their target price on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 5th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Friday, April 26th. The Goldman Sachs Group upped their target price on shares of Antero Resources from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Scotiabank upped their target price on shares of Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. Finally, Mizuho upped their target price on shares of Antero Resources from $29.00 to $37.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $33.00.

Antero Resources Trading Down 2.4 %

NYSE AR traded down $0.80 during trading hours on Wednesday, hitting $32.71. The company’s stock had a trading volume of 938,719 shares, compared to its average volume of 4,464,931. The stock has a fifty day moving average of $33.46 and a 200 day moving average of $27.70. Antero Resources Co. has a twelve month low of $20.10 and a twelve month high of $36.28. The firm has a market capitalization of $10.17 billion, a P/E ratio of 164.25 and a beta of 3.28. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 EPS for the quarter. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Equities research analysts forecast that Antero Resources Co. will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Antero Resources

In related news, Director Robert J. Clark sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total transaction of $336,700.00. Following the sale, the director now directly owns 69,963 shares in the company, valued at $2,355,654.21. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Antero Resources news, Director Robert J. Clark sold 10,000 shares of Antero Resources stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total value of $336,700.00. Following the sale, the director now directly owns 69,963 shares in the company, valued at approximately $2,355,654.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael N. Kennedy sold 50,000 shares of Antero Resources stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $33.72, for a total transaction of $1,686,000.00. Following the completion of the sale, the insider now owns 1,032,251 shares in the company, valued at $34,807,503.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 476,377 shares of company stock valued at $16,326,084. Corporate insiders own 6.70% of the company’s stock.

Antero Resources Company Profile

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.