Hsbc Holdings PLC Has $9.47 Million Stock Holdings in Antero Resources Corporation $AR

Hsbc Holdings PLC raised its stake in Antero Resources Corporation (NYSE:AR) by 3,994.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 267,015 shares of the oil and natural gas company’s stock after purchasing an additional 260,494 shares during the period. Hsbc Holdings PLC’s holdings in Antero Resources were worth $9,475,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AR. Eastern Bank acquired a new position in Antero Resources in the 2nd quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Antero Resources during the second quarter worth approximately $29,000. Sunbelt Securities Inc. bought a new stake in shares of Antero Resources during the third quarter worth approximately $30,000. Rakuten Securities Inc. acquired a new position in shares of Antero Resources in the second quarter valued at approximately $31,000. Finally, IFP Advisors Inc grew its position in shares of Antero Resources by 59.2% in the third 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 during the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Price Performance

Antero Resources stock opened at $39.18 on Thursday. The firm has a market cap of $12.05 billion, a PE ratio of 11.26 and a beta of 0.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The stock’s fifty day moving average price is $36.29 and its two-hundred day moving average price is $37.17. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Benchmark increased their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Truist Financial dropped their target price on Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Morgan Stanley reissued an “overweight” rating and issued a $49.00 target price on shares of Antero Resources in a research report on Wednesday, August 19th. Finally, UBS Group raised their price target on shares of Antero Resources from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and an average target price of $49.12.

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.