Long Focus Capital Management LLC Trims Stock Holdings in Antero Resources Co. (NYSE:AR)

Long Focus Capital Management LLC decreased its holdings in shares of Antero Resources Co. (NYSE:AR) by 14.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,603,000 shares of the oil and natural gas company’s stock after selling 278,637 shares during the quarter. Antero Resources makes up approximately 2.0% of Long Focus Capital Management LLC’s holdings, making the stock its 10th biggest holding. Long Focus Capital Management LLC owned 0.52% of Antero Resources worth $52,306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in shares of Antero Resources by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 300,292 shares of the oil and natural gas company’s stock worth $9,799,000 after acquiring an additional 2,695 shares during the period. AQR Capital Management LLC grew its position in Antero Resources by 1,021.1% in the 2nd quarter. AQR Capital Management LLC now owns 483,725 shares of the oil and natural gas company’s stock worth $15,784,000 after purchasing an additional 440,578 shares during the last quarter. Merewether Investment Management LP increased its stake in shares of Antero Resources by 4.6% in the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock valued at $96,061,000 after purchasing an additional 128,200 shares during the period. HITE Hedge Asset Management LLC bought a new stake in shares of Antero Resources during the second quarter valued at approximately $4,889,000. Finally, Aristeia Capital L.L.C. acquired a new position in shares of Antero Resources during the second quarter worth approximately $298,000. Institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of NYSE:AR opened at $27.69 on Friday. The company’s fifty day moving average is $27.36 and its two-hundred day moving average is $30.20. The company has a market cap of $8.61 billion, a P/E ratio of 138.45 and a beta of 3.33. Antero Resources Co. has a 12-month low of $20.10 and a 12-month high of $36.28. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The business had revenue of $978.65 million during the quarter, compared to analysts’ expectations of $980.20 million. Equities analysts expect that Antero Resources Co. will post 0.02 earnings per share for the current fiscal year.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the transaction, the insider now owns 248,363 shares in the company, valued at $6,268,682.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on AR. Citigroup initiated coverage on Antero Resources in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, The Goldman Sachs Group dropped their price target on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.13.

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.