Texas Yale Capital Corp. Has $1.11 Million Stake in Antero Resources Corporation $AR

Texas Yale Capital Corp. reduced its stake in shares of Antero Resources Corporation (NYSE:AR) by 34.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 27,635 shares of the oil and natural gas company’s stock after selling 14,425 shares during the quarter. Texas Yale Capital Corp.’s holdings in Antero Resources were worth $1,113,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SVB Wealth LLC bought a new position in shares of Antero Resources in the 1st quarter valued at approximately $26,000. Huntington National Bank grew its holdings in Antero Resources by 91.3% during the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 313 shares during the last quarter. FNY Investment Advisers LLC raised its position in shares of Antero Resources by 9,900.0% in the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after purchasing an additional 1,485 shares during the period. Morse Asset Management Inc bought a new position in shares of Antero Resources in the first quarter valued at approximately $142,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Antero Resources during the 2nd quarter worth $162,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Up 3.0%

AR stock opened at $33.62 on Friday. Antero Resources Corporation has a twelve month low of $28.40 and a twelve month high of $44.01. The company has a market cap of $10.37 billion, a PE ratio of 17.88 and a beta of 0.62. The business’s 50-day simple moving average is $32.63 and its 200 day simple moving average is $35.10. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AR. Morgan Stanley dropped their target price on shares of Antero Resources from $47.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, October 14th. UBS Group lowered their price target on Antero Resources from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, September 15th. Barclays cut their price objective on Antero Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Raymond James Financial raised their target price on Antero Resources from $57.00 to $58.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. dropped their price target on Antero Resources from $49.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

Antero Resources Company 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.