Merit Financial Group LLC Has $1.41 Million Stake in Antero Resources Corporation $AR

Merit Financial Group LLC raised its holdings in Antero Resources Corporation (NYSE:AR) by 59.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,207 shares of the oil and natural gas company’s stock after purchasing an additional 14,920 shares during the period. Merit Financial Group LLC’s holdings in Antero Resources were worth $1,413,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Eastern Bank bought a new position in shares of Antero Resources during the second quarter worth approximately $26,000. Sunbelt Securities Inc. bought a new stake in shares of Antero Resources in the third quarter valued at approximately $30,000. IFP Advisors Inc grew its position in Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 345 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Antero Resources during the fourth quarter worth approximately $41,000. Finally, Hilton Head Capital Partners LLC bought a new position in Antero Resources during the 4th quarter worth $44,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Performance

NYSE AR opened at $37.45 on Thursday. The firm’s fifty day moving average price is $34.81 and its two-hundred day moving average price is $36.62. The stock has a market cap of $11.51 billion, a PE ratio of 10.76 and a beta of 0.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75.

Wall Street Analyst Weigh In

AR has been the subject of several analyst reports. Benchmark lifted their price objective on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group reissued a “buy” rating and set a $57.00 target price on shares of Antero Resources in a report on Friday, May 1st. Mizuho raised their price target on Antero Resources from $54.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Texas Capital raised Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, Roth Capital reaffirmed a “neutral” rating and set a $38.00 price objective on shares of Antero Resources in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.31.

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.