Pennant Select LLC Sells 44,000 Shares of Antero Resources Co. (NYSE:AR)

Pennant Select LLC decreased its position in Antero Resources Co. (NYSE:AR) by 8.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 456,000 shares of the oil and natural gas company’s stock after selling 44,000 shares during the period. Antero Resources makes up 9.2% of Pennant Select LLC’s holdings, making the stock its 4th biggest holding. Pennant Select LLC owned about 0.15% of Antero Resources worth $13,064,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Diversified Trust Co bought a new stake in Antero Resources in the second quarter valued at $1,154,000. Massachusetts Financial Services Co. MA increased its position in shares of Antero Resources by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after acquiring an additional 122,815 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position 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 worth $129,453,000 after acquiring an additional 2,893,395 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Antero Resources by 85.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company’s stock worth $4,810,000 after acquiring an additional 77,193 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in shares of Antero Resources during the second quarter worth about $17,307,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

AR has been the subject of several recent research reports. BMO Capital Markets boosted their target price on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Barclays dropped their target price on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Raymond James upped their price target on shares of Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.50.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $32.48 on Friday. The firm has a market capitalization of $10.11 billion, a P/E ratio of 232.00 and a beta of 3.36. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average price of $29.06 and a 200 day moving average price of $30.00. Antero Resources Co. has a 52 week low of $20.10 and a 52 week high of $36.28.

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.