Antero Resources Co. (NYSE:AR) Shares Sold by Mcintyre Freedman & Flynn Investment Advisers Inc.

Mcintyre Freedman & Flynn Investment Advisers Inc. lessened its holdings in shares of Antero Resources Co. (NYSE:AR) by 5.7% in the second quarter, HoldingsChannel reports. The fund owned 33,300 shares of the oil and natural gas company’s stock after selling 2,000 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc.’s holdings in Antero Resources were worth $1,087,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in AR. Vaughan Nelson Investment Management L.P. increased its stake in shares of Antero Resources by 269.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after acquiring an additional 2,893,395 shares during the period. Wellington Management Group LLP increased its position in shares of Antero Resources by 33.7% during the 4th quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock valued at $238,985,000 after purchasing an additional 2,655,604 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Antero Resources by 28.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock worth $128,352,000 after buying an additional 1,253,510 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Antero Resources by 488.7% in the second quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock valued at $46,624,000 after buying an additional 1,186,163 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Antero Resources by 7,781.2% during the second quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock valued at $31,113,000 after buying an additional 941,756 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on AR shares. Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Wolfe Research upgraded shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a report on Wednesday. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. The Goldman Sachs Group dropped their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Finally, Jefferies Financial Group increased their price objective on Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and an average price target of $33.40.

Antero Resources Trading Down 0.3 %

Shares of NYSE AR opened at $26.49 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources Co. has a one year low of $20.10 and a one year high of $36.28. The business has a 50-day moving average price of $28.12 and a two-hundred day moving average price of $30.12. The firm has a market capitalization of $8.24 billion, a PE ratio of 132.45 and a beta of 3.33.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The company had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. As a group, analysts predict that Antero Resources Co. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the company’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 directly owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 6.70% of the company’s stock.

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.