Antero Resources Co. (NYSE:AR) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in shares of Antero Resources Co. (NYSE:AR) by 5.5% in the third quarter, HoldingsChannel.com reports. The firm owned 139,397 shares of the oil and natural gas company’s stock after selling 8,158 shares during the period. Amalgamated Bank’s holdings in Antero Resources were worth $3,994,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AR. UMB Bank n.a. boosted its stake in Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after buying an additional 686 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 892 shares in the last quarter. Mattson Financial Services LLC acquired a new position in shares of Antero Resources in the 2nd quarter worth approximately $64,000. GAMMA Investing LLC lifted its stake in Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 655 shares during the last quarter. Finally, Payden & Rygel Investment Group bought a new stake in Antero Resources during the first quarter worth approximately $113,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Up 1.9 %

Shares of Antero Resources stock opened at $29.22 on Friday. The stock has a 50-day simple moving average of $27.48 and a 200-day simple moving average of $30.14. Antero Resources Co. has a 52-week low of $20.10 and a 52-week high of $36.28. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 208.71 and a beta of 3.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AR. Mizuho dropped their price target on Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Wolfe Research raised Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a research report on Wednesday, September 11th. Wells Fargo & Company decreased their price target on Antero Resources from $25.00 to $24.00 and set an “underweight” rating for the company in a research report on Friday, October 18th. StockNews.com upgraded Antero Resources to a “sell” rating in a report on Friday, November 1st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and an average target price of $32.83.

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.