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As Antero Resources Corporation (AR) Market Valuation Declined, Sound Shore Management INC Lowered Its Position

Antero Resources Corporation (NYSE:AR) LogoInvestors sentiment decreased to 1.07 in Q2 2018. Its down 0.12, from 1.19 in 2018Q1. It dived, as 29 investors sold AR shares while 77 reduced holdings. 37 funds opened positions while 76 raised stakes. 285.90 million shares or 0.15% less from 286.32 million shares in 2018Q1 were reported. Moreover, Fjarde Ap has 0.01% invested in Antero Resources Corporation (NYSE:AR) for 45,481 shares. Seabridge Invest Advsrs Lc invested in 1,000 shares. Eagle Asset accumulated 465,588 shares. American Inc invested 0.01% in Antero Resources Corporation (NYSE:AR). Salem Counselors Inc invested in 0.02% or 9,788 shares. Tci Wealth Advsr has 47 shares. Linscomb Williams Inc reported 19,873 shares. Barclays Public Ltd Co invested 0% in Antero Resources Corporation (NYSE:AR). Parallax Volatility Advisers Limited Partnership holds 0% or 80 shares. Metropolitan Life Insurance Company New York holds 0% or 13,164 shares in its portfolio. Brandywine Invest Lc holds 239,737 shares. Thompson Siegel Walmsley Ltd Llc invested in 5.65 million shares or 1.56% of the stock. 279,552 are held by Parkwood Limited Co. Federated Invsts Incorporated Pa invested in 0% or 25,568 shares. Utah Retirement has 0.02% invested in Antero Resources Corporation (NYSE:AR) for 44,600 shares.

Since May 1, 2018, it had 0 insider buys, and 2 sales for $102,325 activity.

Sound Shore Management Inc decreased its stake in Antero Resources Corporation (AR) by 10.17% based on its latest 2018Q2 regulatory filing with the SEC. Sound Shore Management Inc sold 1.18 million shares as the company’s stock declined 9.67% while stock markets rallied. The institutional investor held 10.44M shares of the oil & gas production company at the end of 2018Q2, valued at $222.88M, down from 11.62M at the end of the previous reported quarter. Sound Shore Management Inc who had been investing in Antero Resources Corporation for a number of months, seems to be less bullish one the $5.92 billion market cap company. The stock decreased 0.90% or $0.17 during the last trading session, reaching $18.68. About 3.59M shares traded or 13.02% up from the average. Antero Resources Corporation (NYSE:AR) has declined 8.81% since October 13, 2017 and is downtrending. It has underperformed by 24.43% the S&P500.

Sound Shore Management Inc, which manages about $6.15 billion and $5.95 billion US Long portfolio, upped its stake in Wal (NYSE:WMT) by 323,698 shares to 1.92 million shares, valued at $164.70M in 2018Q2, according to the filing. It also increased its holding in Flex Ltd. (NASDAQ:FLEX) by 732,919 shares in the quarter, for a total of 10.70 million shares, and has risen its stake in Citigroup Inc. (NYSE:C).

Analysts await Antero Resources Corporation (NYSE:AR) to report earnings on November, 7. They expect $0.18 earnings per share, up 460.00 % or $0.23 from last year’s $-0.05 per share. AR’s profit will be $57.07M for 25.94 P/E if the $0.18 EPS becomes a reality. After $-0.03 actual earnings per share reported by Antero Resources Corporation for the previous quarter, Wall Street now forecasts -700.00 % EPS growth.

More news for Antero Resources Corporation (NYSE:AR) were recently published by: Globenewswire.com, which released: “Market Trends Toward New Normal in Antero Resources, SunPower, The Clorox, CECO Environmental, Fortinet, and …” on October 12, 2018. Benzinga.com‘s article titled: “BMO Downgrades Antero Resources Following LNG Price Rally” and published on September 21, 2018 is yet another important article.

Antero Resources Corporation (NYSE:AR) Ratings Coverage

Among 5 analysts covering Antero Resources (NYSE:AR), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Antero Resources had 9 analyst reports since April 17, 2018 according to SRatingsIntel. Citigroup downgraded the stock to “Hold” rating in Tuesday, April 17 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, April 27. On Thursday, May 24 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Hold” rating given on Wednesday, April 25 by Jefferies. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, July 12. The stock of Antero Resources Corporation (NYSE:AR) has “Neutral” rating given on Monday, August 13 by Citigroup. The stock of Antero Resources Corporation (NYSE:AR) earned “Market Perform” rating by BMO Capital Markets on Friday, September 21. The stock of Antero Resources Corporation (NYSE:AR) has “Equal-Weight” rating given on Friday, April 20 by Morgan Stanley.

Antero Resources Corporation (NYSE:AR) Ratings Chart

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