Deutsche Bank AG acquired a new stake in shares of Antero Resources Corporation (NYSE:AR – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 718,957 shares of the oil and natural gas company’s stock, valued at approximately $25,264,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Eastern Bank acquired a new position in shares of Antero Resources during the 2nd quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Antero Resources in the second quarter valued at approximately $29,000. Sunbelt Securities Inc. acquired a new position in shares of Antero Resources in the third quarter valued at approximately $30,000. IFP Advisors Inc grew its holdings in Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after acquiring an additional 345 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Antero Resources in the fourth quarter valued at $41,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have recently commented on AR. The Goldman Sachs Group cut their target price on shares of Antero Resources from $46.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Wells Fargo & Company lifted their target price on Antero Resources from $52.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. dropped their target price on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Benchmark increased their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Truist Financial reduced their price objective on shares of Antero Resources from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $48.31.
Antero Resources Price Performance
Shares of AR opened at $38.04 on Friday. The business has a 50-day moving average of $35.08 and a 200-day moving average of $36.71. The company has a market capitalization of $11.70 billion, a price-to-earnings ratio of 10.93 and a beta of 0.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75.
About Antero Resources
Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.
Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.
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