De Lisle Partners LLP bought a new position in Antero Resources Corporation (NYSE:AR – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 60,000 shares of the oil and natural gas company’s stock, valued at approximately $2,109,000.
Other institutional investors have also recently modified their holdings of the company. Eastern Bank purchased a new position in shares of Antero Resources in the 2nd quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Antero Resources in the 2nd quarter worth about $29,000. Sunbelt Securities Inc. purchased a new stake in Antero Resources during the 3rd quarter valued at about $30,000. Rakuten Securities Inc. purchased a new stake in Antero Resources during the 2nd quarter valued at about $31,000. Finally, IFP Advisors Inc increased its stake in Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 345 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have issued reports on AR shares. Mizuho lifted their target price on shares of Antero Resources from $54.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Morgan Stanley reiterated an “overweight” rating and set a $49.00 price target on shares of Antero Resources in a report on Wednesday. Truist Financial decreased their price objective on shares of Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wolfe Research reaffirmed an “outperform” rating and set a $48.00 price target on shares of Antero Resources in a report on Thursday, July 30th. Finally, Benchmark lifted their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.31.
Antero Resources Stock Up 1.0%
Shares of Antero Resources stock opened at $38.04 on Friday. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 10.93 and a beta of 0.34. The company’s 50 day moving average is $35.08 and its 200 day moving average is $36.71. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29.
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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