Investors are a little more bullish on shares of Antero Resources Corporation recently at least if you consider the decrease in short interest. The company realized a fall in short interest between September 29, 2017 and October 13, 2017 of -10.51%. Short interest decreased 3,385,466 over that period. Days to cover decreased 0.0 to 10.0 and the percentage of shorted shares is 0.09% as of October 13.
These funds have shifted positions in (AR). Sumitomo Mitsui Asset Management Company, Ltd cut its ownership by selling 4,002 shares a decrease of 22.1% in the quarter. Sumitomo Mitsui Asset Management Company, Ltd now controls 14,135 shares valued at $281,000. The total value of its holdings decreased 28.1%. As of quarter end Aperio Group, LLC had disposed of 12,282 shares trimming its stake by 13.5%. The value of the total investment in Antero Resources Corporation decreased from $1,967,000 to $1,567,000 a change of 20.3% quarter over quarter.
Artemis Investment Management Llp divested its stake by shedding 19,922 shares a decrease of 28.8% from 06/30/2017 to 09/30/2017. Artemis Investment Management Llp now holds 49,188 shares with a value of $980,000. The value of the position overall is down by 34.4%. Andra Ap-fonden grew its position by buying 23,000 shares an increase of 42.4% as of 09/30/2017. Andra Ap-fonden currently owns 77,300 shares worth $1,538,000. The total value of its holdings increased 31.1%.
On July 21 Citigroup left the company rating at “Buy” but lowered the price expectation to $27.00 from $30.00. August 8 investment analysts at Barclays maintained a company rating of “Overweight” but moved down the price target from $27.00 to $23.00.
On October 10 analysts at Jefferies initiated coverage on AR giving it an initial rating of “Hold”. On October 18 Morgan Stanley kept the stock rating at “Equal-Weight” and moved down the price target from $29.00 to $22.00.
The company is so far trading up since yesterday’s close of $19.40. Company shares last traded at $19.40 slightly below $19.90, the 50 day moving average and just below the 200 day moving average of $20.49. The 50 day moving average went down $-0.50 or -2.50% and the 200 day average was down $-1.09.
The company’s P/E ratio is 451.16 and the market cap is 6.12B. As of the last earnings report the EPS was $0.04 and is projected to be $0.40 for the current year with 315,469,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.15 and the next full year EPS is anticipated to be $0.84.
Antero Resources Corporation, launched on June 20, 2002, is an oil and natural gas company. The Company is involved in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Business’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity. The Company focuses on unconventional reservoirs. As of December 31, 2016, it held approximately 616,000 net acres of oil and gas properties located in the Appalachian Basin in West Virginia, Ohio, and Pennsylvania. The Business’s subsidiary, Antero Midstream Partners LP (Antero Midstream) is a master limited partnership, which owns, operates and develops midstream energy infrastructure primarily to service its production and completion activity. Its exploration and development activities are supported by the natural gas gathering and compression assets of its subsidiary, Antero Midstream, as well as by third party gathering and compression arrangements. It also has access to additional low-pressure and high-pressure pipelines..Advertisement