Corient Private Wealth LP Takes Position in Antero Resources Corporation $AR

Corient Private Wealth LP purchased a new stake in shares of Antero Resources Corporation (NYSE:AR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 57,759 shares of the oil and natural gas company’s stock, valued at approximately $2,030,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Annandale Capital LLC lifted its position in Antero Resources by 0.4% during the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock valued at $2,475,000 after buying an additional 300 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Antero Resources by 16.7% during the 4th quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock valued at $73,000 after buying an additional 301 shares in the last quarter. Brooklyn Investment Group grew its position in shares of Antero Resources by 2.0% in the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after buying an additional 305 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Antero Resources by 4.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after buying an additional 343 shares during the period. Finally, IFP Advisors Inc increased its stake 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 worth $31,000 after acquiring an additional 345 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

Shares of AR stock opened at $39.63 on Thursday. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75. The company’s 50-day moving average is $35.83 and its 200 day moving average is $36.99. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 11.39 and a beta of 0.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AR. Raymond James Financial lifted their price target on shares of Antero Resources from $50.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Tuesday. Mizuho upped their price objective on shares of Antero Resources from $54.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Wells Fargo & Company raised their target price on shares of Antero Resources from $52.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Barclays lowered their target price on shares of Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. Finally, Zacks Research cut Antero Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Antero Resources has an average rating of “Moderate Buy” and an average target price of $49.12.

Antero Resources Company 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.