Short Interest Coverage: Does Antero Resources Corporation (NYSE:AR) Have Gas After Even Less Sellers Involved?

November 24, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Coverage: Does Antero Resources Corporation (NYSE:AR) Have Gas After Even Less Sellers Involved?

The stock of Antero Resources Corporation (NYSE:AR) registered a decrease of 13.3% in short interest. AR’s total short interest was 12.25M shares in November as published by FINRA. Its down 13.3% from 14.13 million shares, reported previously. With 3.54M shares average volume, it will take short sellers 4 days to cover their AR’s short positions. The short interest to Antero Resources Corporation’s float is 7.64%. The stock increased 0.12% or $0.03 on November 23, hitting $25.04. About 3.66 million shares traded hands. Antero Resources Corp (NYSE:AR) has declined 12.84% since April 22, 2016 and is downtrending. It has underperformed by 18.25% the S&P500.

Antero Resources Corporation is an oil and natural gas company. The company has a market cap of $7.75 billion. The Firm is engaged in the exploration, development and acquisition of natural gas, natural gas liquids and oil properties located in the Appalachian Basin. It currently has negative earnings. The Company’s divisions include the exploration, development and production of natural gas, NGLs, and oil; gathering and compression; water handling and treatment, and marketing of excess firm transportation capacity.

Insitutional Activity: The institutional sentiment decreased to 1.44 in Q2 2016. Its down 2.08, from 3.52 in 2016Q1. The ratio dropped, as 22 funds sold all Antero Resources Corp shares owned while 40 reduced positions. 86 funds bought stakes while 132 increased positions. They now own 480.27 million shares or 119.82% more from 218.48 million shares in 2016Q1.
Icon Advisers holds 0.12% of its portfolio in Antero Resources Corp (NYSE:AR) for 70,300 shares. Weiss Asset Mgmt L P has 20,000 shares for 0.09% of their US portfolio. Bokf Na last reported 996 shares in the company. Fmr, a Massachusetts-based fund reported 7.85 million shares. Blackrock Fund Advsr accumulated 0.01% or 1.83M shares. Moreover, Mitsubishi Ufj Trust & Corp has 0.02% invested in Antero Resources Corp (NYSE:AR) for 333,929 shares. D E Shaw & Communication Inc holds 0.03% of its portfolio in Antero Resources Corp (NYSE:AR) for 715,823 shares. Liberty Mutual Grp Asset Mgmt owns 56,603 shares or 0.05% of their US portfolio. Brandywine Global Inv Mngmt Limited Company last reported 0.02% of its portfolio in the stock. Hsbc Public Ltd Co holds 17,615 shares or 0% of its portfolio. Rhumbline Advisers has invested 0.01% of its portfolio in Antero Resources Corp (NYSE:AR). Renaissance Techs Ltd Liability Com holds 0% or 14,800 shares in its portfolio. Bnp Paribas Inv Prtn Sa holds 30,254 shares or 0.01% of its portfolio. California State Teachers Retirement last reported 357,094 shares in the company. Tower Cap Limited Liability Company (Trc) owns 77 shares or 0% of their US portfolio.

Insider Transactions: Since June 14, 2016, the stock had 1 buying transaction, and 4 selling transactions for $34.76 million net activity. 4,000 Antero Resources Corp (NYSE:AR) shares with value of $104,161 were bought by Connor Richard W.. Keenan W Howard JR sold $6.43M worth of stock. 10,000 Antero Resources Corp (NYSE:AR) shares with value of $283,586 were sold by Kilstrom Kevin J.. $766,893 worth of Antero Resources Corp (NYSE:AR) was sold by McNeilly Ward D.. The insider Warren Glen C Jr sold $27.38 million.

Antero Resources Corp (NYSE:AR) Ratings Coverage

Out of 18 analysts covering Antero Resources (NYSE:AR), 10 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 56% are positive. Antero Resources has been the topic of 56 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Antero Resources Corp (NYSE:AR) earned “” rating by Stephens on Tuesday, February 23. The rating was downgraded by Stephens on Tuesday, August 4 to “Equal Weight”. The stock of Antero Resources Corp (NYSE:AR) has “Hold” rating given on Wednesday, October 14 by Deutsche Bank. Susquehanna upgraded Antero Resources Corp (NYSE:AR) on Friday, October 28 to “Positive” rating. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, August 5. The firm has “Reduce” rating given on Tuesday, February 2 by Suntrust Robinson. The stock has “Hold” rating given by Tudor Pickering on Friday, November 6. On Thursday, July 14 the stock rating was maintained by Barclays Capital with “Overweight”. The rating was upgraded by Deutsche Bank on Monday, November 21 to “Buy”. The rating was initiated by JP Morgan on Wednesday, December 9 with “Underweight”.

AR Company Profile

Antero Resources Corporation, incorporated on June 20, 2002, is an oil and natural gas company. The Firm is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s divisions include the exploration, development and production of natural gas, NGLs, and oil; gathering and compression; water handling and treatment, and marketing of excess firm transportation capacity. The Firm holds approximately 569,000 net acres of gas and oil properties located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania.

Another recent and important Antero Resources Corp (NYSE:AR) news was published by Prnewswire.com which published an article titled: “Antero Resources Reports Third Quarter 2016 Financial and Operational Results” on October 26, 2016.

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By Winifred Garcia


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