SMART Wealth LLC Purchases Shares of 21,506 Antero Resources Corporation $AR

SMART Wealth LLC purchased a new position in Antero Resources Corporation (NYSE:AR) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 21,506 shares of the oil and natural gas company’s stock, valued at approximately $756,000.

A number of other large investors have also modified their holdings of AR. Annandale Capital LLC raised its position in shares of Antero Resources by 0.4% in the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock valued at $2,475,000 after purchasing an additional 300 shares during the last quarter. Parallel Advisors LLC grew its position in Antero Resources by 16.7% during the 4th quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock worth $73,000 after purchasing an additional 301 shares during the last quarter. Brooklyn Investment Group grew its position in Antero Resources by 2.0% during the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after purchasing an additional 305 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Antero Resources by 4.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after purchasing an additional 343 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

AR has been the subject of several research reports. Citigroup lowered their price objective on shares of Antero Resources from $53.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Benchmark raised their target price on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. 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 report on Friday, July 31st. JPMorgan Chase & Co. dropped their price target on Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Finally, Truist Financial cut their price objective on Antero Resources from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.12.

Antero Resources Stock Down 0.7%

Antero Resources stock opened at $39.42 on Friday. The business’s 50-day moving average price is $36.02 and its 200 day moving average price is $37.04. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. The firm has a market cap of $12.12 billion, a price-to-earnings ratio of 11.33 and a beta of 0.35. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75.

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.