Antero Resources Corporation $AR Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in shares of Antero Resources Corporation (NYSE:AR) by 91.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 66,936 shares of the oil and natural gas company’s stock after acquiring an additional 31,885 shares during the quarter. Pacer Advisors Inc.’s holdings in Antero Resources were worth $2,841,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Antero Resources by 12.7% during the first quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock worth $434,597,000 after purchasing an additional 1,153,422 shares in the last quarter. State Street Corp lifted its stake in Antero Resources by 1.2% in the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock valued at $341,368,000 after buying an additional 116,461 shares in the last quarter. Sourcerock Group LLC boosted its holdings in Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after buying an additional 783,117 shares during the last quarter. Invesco Ltd. boosted its holdings in Antero Resources by 18.0% in the 4th quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock worth $172,291,000 after buying an additional 761,842 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Antero Resources by 35.4% during the 4th quarter. AQR Capital Management LLC now owns 4,694,364 shares of the oil and natural gas company’s stock worth $161,768,000 after buying an additional 1,226,828 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Up 1.9%

AR opened at $34.97 on Friday. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 10.05 and a beta of 0.34. The company’s 50 day simple moving average is $34.78 and its two-hundred day simple moving average is $36.52. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40.

Analyst Ratings Changes

A number of brokerages have commented on AR. Williams Trading set a $56.00 target price on Antero Resources in a report on Monday, April 20th. UBS Group lifted their price target on Antero Resources from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Zacks Research downgraded Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Morgan Stanley decreased their price objective on Antero Resources from $56.00 to $48.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Finally, Weiss Ratings raised shares of Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Three equities research 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. According to MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $48.53.

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.