Antero Resources Corporation $AR Stock: Krilogy Financial LLC Raises Position

Krilogy Financial LLC boosted its holdings in shares of Antero Resources Corporation (NYSE:AR) by 73.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,505 shares of the oil and natural gas company’s stock after buying an additional 14,192 shares during the period. Krilogy Financial LLC’s holdings in Antero Resources were worth $1,225,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AR. BlackRock Inc. purchased a new position in Antero Resources during the second quarter worth about $966,982,000. Bank of New York Mellon Corp bought a new position in Antero Resources in the 2nd quarter worth about $106,063,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Antero Resources in the 2nd quarter valued at about $100,212,000. Palo Duro Investment Partners LP purchased a new stake in shares of Antero Resources in the 2nd quarter valued at about $95,985,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Antero Resources by 177.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company’s stock valued at $153,261,000 after acquiring an additional 2,309,388 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

NYSE AR opened at $36.44 on Friday. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $45.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $11.20 billion, a P/E ratio of 10.47 and a beta of 0.54. The company has a fifty day moving average of $36.89 and a 200-day moving average of $36.48.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Raymond James Financial lifted their price target on Antero Resources from $50.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 1st. JPMorgan Chase & Co. decreased their price objective on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. UBS Group decreased their price objective on shares of Antero Resources from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. Stifel Nicolaus initiated coverage on shares of Antero Resources in a research note on Thursday, September 10th. They issued a “hold” rating and a $42.00 target price on the stock. Finally, 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. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.11.

Antero Resources Company Profile

Antero Resources Corporation (NYSE: AR) is an independent oil and natural gas company engaged in the acquisition, development and production of unconventional resources. The company’s operations are focused primarily on the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and crude oil.

Antero’s asset base is concentrated in the Marcellus and Utica shale formations in West Virginia and Ohio. Its products include pipeline-quality natural gas as well as NGLs such as ethane, propane, butane and natural gasoline.