Pekin Hardy Strauss Inc. Sells 19,823 Shares of Antero Resources Corporation $AR

Pekin Hardy Strauss Inc. decreased its position in Antero Resources Corporation (NYSE:AR) by 11.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 160,571 shares of the oil and natural gas company’s stock after selling 19,823 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Antero Resources were worth $5,361,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AR. State of Alaska Department of Revenue boosted its holdings in Antero Resources by 1.0% during the third 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 purchasing an additional 285 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Antero Resources by 0.7% in the 3rd 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 buying an additional 291 shares during the last quarter. Arizona State Retirement System increased its stake in Antero Resources by 0.5% in the 2nd 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 buying an additional 394 shares during the last quarter. Evergreen Capital Management LLC increased its stake in Antero Resources by 1.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 25,626 shares of the oil and natural gas company’s stock valued at $856,000 after buying an additional 429 shares during the last quarter. Finally, Twin Capital Management Inc. lifted its position in shares of Antero Resources by 1.5% during the 1st quarter. Twin Capital Management Inc. now owns 30,195 shares of the oil and natural gas company’s stock worth $1,281,000 after buying an additional 437 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Performance

Shares of AR stock opened at $36.43 on Friday. The firm has a market cap of $11.19 billion, a price-to-earnings ratio of 8.22 and a beta of 0.50. 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 52 week low of $31.15 and a 52 week high of $45.75. The firm’s 50-day simple moving average is $37.60 and its two-hundred day simple moving average is $36.88.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Truist Financial boosted their target price on Antero Resources from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Stifel Nicolaus began coverage on Antero Resources in a research report on Thursday, September 10th. They set a “hold” rating and a $42.00 price target for the company. UBS Group dropped their price target on Antero Resources from $58.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, October 6th. The Goldman Sachs Group boosted their price objective on Antero Resources from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Finally, Weiss Ratings upgraded Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 27th. Five equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.74.

Antero Resources Profile

Antero Resources Corporation is an independent energy company engaged in the development, production, exploration and acquisition of natural gas, natural gas liquids (NGLs) and oil. The company’s operations are focused primarily on the Appalachian Basin in the United States.

Antero Resources holds extensive interests in the Marcellus and Utica shale formations, with drilling and production activities concentrated in West Virginia and Ohio. Its product portfolio includes natural gas, ethane, propane, butane, natural gasoline and oil or condensate, which are marketed to domestic and international energy customers.

Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.