Gradient Investments LLC Raises Stock Position in Antero Resources Corporation $AR

Gradient Investments LLC boosted its stake in shares of Antero Resources Corporation (NYSE:AR) by 110.2% in the second quarter, HoldingsChannel.com reports. The fund owned 37,897 shares of the oil and natural gas company’s stock after purchasing 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 reporting period.

Several other institutional investors have also modified their holdings of AR. Dimensional Fund Advisors LP raised its position in shares of Antero Resources by 12.7% during the 1st 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 during 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. increased its stake in Antero Resources by 18.0% during 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 in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Antero Resources by 35.4% in the fourth quarter. AQR Capital Management LLC now owns 4,694,364 shares of the oil and natural gas company’s stock valued at $161,768,000 after acquiring 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 Stock Up 0.0%

NYSE AR opened at $34.72 on Monday. The business’s fifty day simple moving average is $34.76 and its 200-day simple moving average is $36.54. 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 $10.67 billion, a PE ratio of 9.98 and a beta of 0.34. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75.

Analysts Set New Price Targets

Several analysts recently commented on AR shares. Morgan Stanley dropped their price target on Antero Resources from $56.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. The Goldman Sachs Group reduced their target price on shares of Antero Resources from $46.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Citigroup decreased their price target on shares of Antero Resources from $53.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Texas Capital upgraded shares of Antero Resources to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Zacks Research cut Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Antero Resources currently 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.