SMART Wealth LLC Makes New Investment in Antero Resources Corporation $AR

SMART Wealth LLC bought a new position in Antero Resources Corporation (NYSE:AR) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 21,506 shares of the oil and natural gas company’s stock, valued at approximately $756,000.

A number of other institutional investors have also recently made changes to their positions in AR. Eastern Bank purchased a new position in Antero Resources in the second quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Antero Resources during the 2nd quarter valued at approximately $29,000. Sunbelt Securities Inc. purchased a new stake in Antero Resources during the 3rd quarter valued at $30,000. IFP Advisors Inc lifted its position in 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 worth $31,000 after buying an additional 345 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new stake in Antero Resources in the second quarter worth $31,000. Institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley reiterated an “overweight” rating and set a $49.00 price objective on shares of Antero Resources in a research report on Wednesday, August 19th. Barclays reduced their price objective on shares of Antero Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. Texas Capital raised Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Zacks Research downgraded Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group boosted their price objective on Antero Resources from $42.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.12.

Antero Resources Trading Down 0.7%

NYSE AR opened at $39.42 on Friday. 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 $12.12 billion, a PE ratio of 11.33 and a beta of 0.35. The company has a 50 day moving average price of $36.02 and a 200 day moving average price of $37.04. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75.

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.