Allianz Asset Management GmbH Sells 300,897 Shares of Antero Resources Corporation $AR

Allianz Asset Management GmbH cut its stake in shares of Antero Resources Corporation (NYSE:AR) by 76.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,052 shares of the oil and natural gas company’s stock after selling 300,897 shares during the quarter. Allianz Asset Management GmbH’s holdings in Antero Resources were worth $3,668,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AR. GAMMA Investing LLC increased its holdings in Antero Resources by 78.0% in the 1st quarter. GAMMA Investing LLC now owns 5,453 shares of the oil and natural gas company’s stock worth $221,000 after buying an additional 2,389 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Antero Resources by 38.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 32,384 shares of the oil and natural gas company’s stock worth $1,310,000 after buying an additional 8,912 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Antero Resources by 75.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 46,460 shares of the oil and natural gas company’s stock worth $1,879,000 after buying an additional 19,993 shares in the last quarter. Bessemer Group Inc. increased its holdings in Antero Resources by 64.7% in the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock worth $42,000 after buying an additional 411 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in Antero Resources in the 1st quarter worth about $220,000. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Trading Up 2.3%

Shares of NYSE:AR opened at $32.83 on Friday. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of 20.91 and a beta of 0.56. 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 stock’s 50-day simple moving average is $32.35 and its two-hundred day simple moving average is $35.17. Antero Resources Corporation has a 52-week low of $25.36 and a 52-week high of $44.01.

Antero Resources (NYSE:AR) last announced its 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). The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The company’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.21) earnings per share. Analysts expect that Antero Resources Corporation will post 2.74 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on AR. Roth Capital downgraded Antero Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $44.00 to $32.00 in a report on Monday, August 18th. Zacks Research downgraded Antero Resources from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. JPMorgan Chase & Co. reduced their price objective on Antero Resources from $49.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a report on Wednesday, August 13th. Finally, Barclays reduced their price objective on Antero Resources from $43.00 to $42.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Antero Resources 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.