RR Advisors LLC bought a new position in Antero Resources Corporation (NYSE:AR – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 304,750 shares of the oil and natural gas company’s stock, valued at approximately $10,709,000. Antero Resources accounts for approximately 3.1% of RR Advisors LLC’s holdings, making the stock its 14th biggest position. RR Advisors LLC owned about 0.10% of Antero Resources as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AR. NewEdge Advisors LLC raised its holdings in shares of Antero Resources by 16,498.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after purchasing an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Antero Resources by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock worth $23,882,000 after purchasing an additional 43,312 shares in the last quarter. Focus Partners Wealth increased its position in Antero Resources by 18.9% during the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after purchasing an additional 3,169 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Antero Resources by 701.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after buying an additional 2,616 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in Antero Resources by 22.5% in the second quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock valued at $1,470,000 after buying an additional 6,700 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Mizuho raised their target price on shares of Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Wells Fargo & Company lifted their target price on shares of Antero Resources from $52.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Roth Capital reaffirmed a “neutral” rating and set a $38.00 price target on shares of Antero Resources in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. lowered their price target on Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and an average target price of $48.31.
Antero Resources Stock Performance
Antero Resources stock opened at $38.04 on Monday. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. 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. The firm’s fifty day moving average price is $35.08 and its 200 day moving average price is $36.74.
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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