What Next for Antero Resources Corporation (NYSE:AR) Stock After Decrease in Shorted Shares?

April 17, 2018 - By Nellie Frank

Antero Resources Corporation (NYSE:AR) Logo

Investors sentiment increased to 1.32 in 2017 Q4. Its up 0.15, from 1.17 in 2017Q3. It increased, as 33 investors sold Antero Resources Corporation shares while 72 reduced holdings. 46 funds opened positions while 93 raised stakes. 282.31 million shares or 3.23% less from 291.74 million shares in 2017Q3 were reported.
1.53 million were reported by Schroder Invest Mngmt Gp. Texan Management owns 25,615 shares. Moreover, Sailingstone Capital Prtnrs Limited has 19.2% invested in Antero Resources Corporation (NYSE:AR) for 34.91 million shares. Mackenzie Fincl Corp, Ontario – Canada-based fund reported 130,099 shares. State Board Of Administration Of Florida Retirement Systems owns 313,544 shares. Citadel Ltd Liability Corp reported 160,528 shares. Miller Howard Investments New York reported 35,907 shares stake. Landscape Mngmt Limited Liability Corp holds 0.08% or 48,655 shares in its portfolio. Metropolitan Life Ins holds 0% of its portfolio in Antero Resources Corporation (NYSE:AR) for 11,878 shares. Old West Investment Management Ltd Liability Company has invested 2.82% in Antero Resources Corporation (NYSE:AR). Eaton Vance Management reported 0.08% of its portfolio in Antero Resources Corporation (NYSE:AR). Grp Inc, a New York-based fund reported 11,873 shares. Ibm Retirement Fund owns 111,720 shares. Cushing Asset Management L P reported 0.01% stake. Ny State Common Retirement Fund holds 983,894 shares or 0.02% of its portfolio.

Since March 2, 2018, it had 0 buys, and 1 sale for $50,000 activity.

The stock of Antero Resources Corporation (NYSE:AR) registered a decrease of 5.81% in short interest. AR’s total short interest was 31.89 million shares in April as published by FINRA. Its down 5.81% from 33.86M shares, reported previously. With 3.10 million shares average volume, it will take short sellers 10 days to cover their AR’s short positions. The short interest to Antero Resources Corporation’s float is 14.73%.

The stock decreased 1.12% or $0.23 during the last trading session, reaching $20.39. About 2.36 million shares traded. Antero Resources Corporation (NYSE:AR) has declined 15.07% since April 17, 2017 and is downtrending. It has underperformed by 26.62% the S&P500.

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. The company has market cap of $6.45 billion. As of December 31, 2016, the firm had 616,000 net acres of gas and oil properties located in the Appalachian Basin in West Virginia, Ohio, and Pennsylvania. It has a 10.51 P/E ratio. It also owned and operated 213 miles of gas gathering pipelines in the Marcellus Shale; and 113 miles of low-pressure, high-pressure, and condensate pipelines in the Utica Shale.

Antero Resources Corporation (NYSE:AR) Ratings Coverage

Among 14 analysts covering Antero Resources (NYSE:AR), 6 have Buy rating, 0 Sell and 8 Hold. Therefore 43% are positive. Antero Resources had 23 analyst reports since October 18, 2017 according to SRatingsIntel. Cowen & Co maintained Antero Resources Corporation (NYSE:AR) rating on Thursday, January 18. Cowen & Co has “Hold” rating and $22.0 target. The rating was downgraded by Barclays Capital on Monday, November 20 to “Equal-Weight”. The stock has “Buy” rating by KeyBanc Capital Markets on Sunday, January 21. The rating was maintained by BMO Capital Markets with “Buy” on Monday, January 22. On Thursday, January 18 the stock rating was maintained by Jefferies with “Hold”. Jefferies maintained the stock with “Hold” rating in Thursday, November 16 report. Jefferies maintained Antero Resources Corporation (NYSE:AR) rating on Tuesday, January 30. Jefferies has “Hold” rating and $23.0 target. On Tuesday, December 19 the stock rating was reinitiated by Robert W. Baird with “Outperform”. As per Wednesday, November 15, the company rating was maintained by Robert W. Baird. Stephens maintained it with “Hold” rating and $26.0 target in Tuesday, February 6 report.

Antero Resources Corporation (NYSE:AR) Ratings Chart

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