Antero Resources Corporation $AR Shares Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. boosted its stake in shares of Antero Resources Corporation (NYSE:AR) by 11.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,139,845 shares of the oil and natural gas company’s stock after purchasing an additional 310,628 shares during the period. Eurizon Capital SGR S.p.A. owned approximately 1.02% of Antero Resources worth $105,011,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AR. State of Alaska Department of Revenue increased its holdings in shares of Antero Resources by 1.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 29,126 shares of the oil and natural gas company’s stock worth $972,000 after buying an additional 285 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Antero Resources by 0.7% in the third quarter. Nisa Investment Advisors LLC now owns 42,333 shares of the oil and natural gas company’s stock valued at $1,413,000 after acquiring an additional 291 shares during the last quarter. Arizona State Retirement System boosted its holdings in Antero Resources by 0.5% in the second quarter. Arizona State Retirement System now owns 80,875 shares of the oil and natural gas company’s stock valued at $2,842,000 after acquiring an additional 394 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in Antero Resources by 1.7% in the third quarter. Evergreen Capital Management LLC now owns 25,626 shares of the oil and natural gas company’s stock valued at $856,000 after acquiring an additional 429 shares during the last quarter. Finally, Twin Capital Management Inc. grew its position in Antero Resources by 1.5% during the first quarter. Twin Capital Management Inc. now owns 30,195 shares of the oil and natural gas company’s stock valued at $1,281,000 after acquiring an additional 437 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wolfe Research restated an “outperform” rating and set a $48.00 price target on shares of Antero Resources in a research note on Thursday, July 30th. Barclays reduced their price objective on Antero Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. Citigroup boosted their target price on Antero Resources from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 30th. The Goldman Sachs Group increased their target price on shares of Antero Resources from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Finally, Scotiabank assumed coverage on shares of Antero Resources in a report on Wednesday, October 14th. They issued a “sector outperform” rating and a $46.00 price target on the stock. Five 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $48.74.

Antero Resources Stock Up 1.4%

Shares of NYSE AR opened at $38.73 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.39 and a current ratio of 0.39. Antero Resources Corporation has a 1 year low of $31.15 and a 1 year high of $45.75. The stock’s 50-day simple moving average is $37.44 and its 200-day simple moving average is $36.96. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of 8.74 and a beta of 0.50.

About Antero Resources

Antero Resources Corporation is an independent energy company focused on acquiring, developing and producing natural gas, natural gas liquids and oil from unconventional reserves in the Appalachian Basin. Its operations are concentrated in the Marcellus Shale in West Virginia and the Utica Shale in Ohio. The company’s products include natural gas and natural gas liquids such as ethane, propane, butane and natural gasoline. Antero also markets and transports its production to customers, including users in domestic and international energy markets.