Merit Financial Group LLC Purchases 14,920 Shares of Antero Resources Corporation $AR

Merit Financial Group LLC increased its position in Antero Resources Corporation (NYSE:AR) by 59.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 40,207 shares of the oil and natural gas company’s stock after acquiring an additional 14,920 shares during the quarter. Merit Financial Group LLC’s holdings in Antero Resources were worth $1,413,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AR. Eastern Bank acquired a new stake in Antero Resources during the 2nd quarter worth approximately $26,000. Sunbelt Securities Inc. acquired a new position in Antero Resources in the 3rd quarter valued at approximately $30,000. IFP Advisors Inc raised its stake in shares of Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after acquiring an additional 345 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Antero Resources during the fourth quarter valued at $41,000. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Antero Resources during the fourth quarter worth $44,000. Institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Antero Resources from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Bank of America raised their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Barclays lifted their target price on Antero Resources from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Roth Capital reissued a “neutral” rating and issued a $38.00 price target on shares of Antero Resources in a research note on Thursday, April 30th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $57.00 price target on shares of Antero Resources in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.31.

Antero Resources Trading Down 1.0%

NYSE AR opened at $37.45 on Thursday. The business has a 50 day simple moving average of $34.81 and a 200 day simple moving average of $36.62. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75. The stock has a market capitalization of $11.51 billion, a P/E ratio of 10.76 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.

Antero Resources 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.