Carnick Kubik Lowers stake in Antero Resources Corp (AR)

Antero Resources Corp (AR) : Carnick Kubik reduced its stake in Antero Resources Corp by 13.77% during the most recent quarter end. The investment management company now holds a total of 892,587 shares of Antero Resources Corp which is valued at $22.8 Million after selling 142,500 shares in Antero Resources Corp , the firm said in a disclosure report filed with the SEC on May 12, 2016.Antero Resources Corp makes up approximately 11.26% of Carnick Kubik’s portfolio.

Other Hedge Funds, Including , Rafferty Asset Management boosted its stake in AR in the latest quarter, The investment management firm added 10,045 additional shares and now holds a total of 22,662 shares of Antero Resources Corp which is valued at $577,881. Antero Resources Corp makes up approx 0.03% of Rafferty Asset Management’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in AR in the latest quarter, The investment management firm added 305,261 additional shares and now holds a total of 2,156,412 shares of Antero Resources Corp which is valued at $55 Million. Antero Resources Corp makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Blackrock Group Ltd boosted its stake in AR in the latest quarter, The investment management firm added 102,545 additional shares and now holds a total of 539,431 shares of Antero Resources Corp which is valued at $13.8 Million. Antero Resources Corp makes up approx 0.01% of Blackrock Group Ltd’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in AR in the latest quarter, The investment management firm added 998 additional shares and now holds a total of 11,553 shares of Antero Resources Corp which is valued at $299,223. Antero Resources Corp makes up approx 0.01% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in AR in the latest quarter, The investment management firm added 15,395 additional shares and now holds a total of 158,858 shares of Antero Resources Corp which is valued at $4.5 Million. Antero Resources Corp makes up approx 0.01% of Mizuho Trust Banking Ltd.’s portfolio.

Antero Resources Corp opened for trading at $26.41 and hit $26.69 on the upside on Friday, eventually ending the session at $26.47, with a gain of 0.99% or 0.26 points. The heightened volatility saw the trading volume jump to 19,94,746 shares. Company has a market cap of $7,342,990 M.

On the company’s financial health, Antero Resources Corp reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.20. The company had revenue of $765.40 million for the quarter, compared to analysts expectations of $685.75 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Antero Resources Corp. Company shares were Reiterated by Stifel on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $29 .Antero Resources Corp was Upgraded by JP Morgan to ” Neutral” on Apr 15, 2016. Antero Resources Corp was Upgraded by Tudor Pickering to ” Buy” on Apr 15, 2016.

Antero Resources Corporation is engaged in the exploitation development and acquisition of natural gas natural gas liquids (NGLs) and oil properties in the Appalachian Basin in West Virginia Ohio and Pennsylvania. The Company targets large repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to develop and produce natural gas NGLs and oil from unconventional formations. The Company has fresh water distribution operations in the Appalachian Basin as well as gathering and compression operations through its consolidated subsidiary Antero Midstream Partners LP. The Company operates in four industry segments: the exploration development and production of natural gas NGLs and oil; gathering and compression; fresh water distribution and marketing of excess firm transportation capacity. All of its operations are conducted in the United States.

Leave a Reply

Antero Resources Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Antero Resources Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.