Pekin Hardy Strauss Inc. Has $5.83 Million Stock Holdings in Antero Resources Corporation $AR

Pekin Hardy Strauss Inc. increased its stake in Antero Resources Corporation (NYSE:AR) by 20.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,835 shares of the oil and natural gas company’s stock after acquiring an additional 29,650 shares during the quarter. Pekin Hardy Strauss Inc. owned about 0.06% of Antero Resources worth $5,834,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Huntington National Bank raised its holdings in Antero Resources by 91.3% during the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after purchasing an additional 313 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Antero Resources during the third quarter worth $26,000. Newbridge Financial Services Group Inc. raised its stake in Antero Resources by 114.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock worth $38,000 after buying an additional 500 shares during the last quarter. FNY Investment Advisers LLC lifted its holdings in Antero Resources by 9,900.0% in the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after buying an additional 1,485 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Antero Resources by 701.3% during 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 acquiring an additional 2,616 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AR has been the topic of several research analyst reports. Tudor Pickering upgraded Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Mizuho set a $47.00 price target on Antero Resources in a research note on Friday, December 12th. UBS Group reaffirmed a “buy” rating and set a $45.00 price objective on shares of Antero Resources in a research report on Friday, February 13th. Bank of America lifted their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, Zacks Research upgraded shares of Antero Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Four equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $45.93.

Antero Resources Stock Performance

Shares of AR stock opened at $35.00 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $33.87 and a two-hundred day simple moving average of $33.38. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $44.01. The firm has a market capitalization of $10.80 billion, a PE ratio of 17.32 and a beta of 0.55.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.33 billion. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period last year, the firm earned $0.48 earnings per share. Analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Antero Resources Company Profile

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.