Antero Resources Corporation $AR Shares Purchased by Gradient Investments LLC

Gradient Investments LLC raised its holdings in shares of Antero Resources Corporation (NYSE:AR) by 110.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,897 shares of the oil and natural gas company’s stock after acquiring an additional 19,870 shares during the period. Gradient Investments LLC’s holdings in Antero Resources were worth $1,332,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Eastern Bank purchased a new stake in Antero Resources in the second quarter valued at $26,000. Sunbelt Securities Inc. purchased a new position in shares of Antero Resources during the 3rd quarter valued at about $30,000. IFP Advisors Inc lifted its holdings in shares of Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Antero Resources in the fourth quarter worth about $41,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Antero Resources in the fourth quarter worth about $44,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on AR shares. Citigroup dropped their target price on Antero Resources from $53.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Williams Trading set a $56.00 price objective on Antero Resources in a research report on Monday, April 20th. Wolfe Research reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Antero Resources in a research note on Thursday, July 30th. Weiss Ratings raised shares of Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus target price of $48.53.

Antero Resources Price Performance

NYSE:AR opened at $34.72 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The stock’s 50-day moving average price is $34.76 and its 200-day moving average price is $36.54. The stock has a market capitalization of $10.67 billion, a PE ratio of 9.98 and a beta of 0.34.

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.