Cibc World Market Inc. Invests $1.41 Million in Antero Resources Corporation $AR

Cibc World Market Inc. purchased a new position in Antero Resources Corporation (NYSE:AR) during the second quarter, Holdings Channel reports. The firm purchased 40,241 shares of the oil and natural gas company’s stock, valued at approximately $1,414,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Eastern Bank bought a new stake in Antero Resources during the second quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Antero Resources in the 2nd quarter valued at about $29,000. Rakuten Securities Inc. bought a new position in Antero Resources in the 2nd quarter valued at about $31,000. Sunbelt Securities Inc. acquired a new position in shares of Antero Resources in the 3rd quarter valued at approximately $30,000. Finally, IFP Advisors Inc raised its position in shares of Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AR shares. UBS Group increased 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. Wolfe Research restated an “outperform” rating and set a $48.00 price objective on shares of Antero Resources in a research report on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and set a $57.00 price objective on shares of Antero Resources in a research report on Friday, May 1st. Texas Capital upgraded Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, Zacks Research downgraded 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, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.31.

Antero Resources Stock Up 0.1%

Shares of NYSE AR opened at $38.55 on Friday. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 11.08 and a beta of 0.34. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75. The stock has a 50-day moving average price of $35.43 and a two-hundred day moving average price of $36.85.

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.