Antero Resources Corporation $AR Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in shares of Antero Resources Corporation (NYSE:AR) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 874,825 shares of the oil and natural gas company’s stock after acquiring an additional 12,831 shares during the quarter. Franklin Resources Inc.’s holdings in Antero Resources were worth $35,238,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AR. SVB Wealth LLC acquired a new position in shares of Antero Resources during the 1st quarter worth approximately $26,000. Huntington National Bank lifted its position in Antero Resources by 91.3% during the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after buying an additional 313 shares in the last quarter. FNY Investment Advisers LLC boosted its stake in Antero Resources by 9,900.0% during the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock worth $60,000 after buying an additional 1,485 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Antero Resources during the second quarter worth $162,000. Finally, Geneos Wealth Management Inc. grew its holdings in Antero Resources by 10.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,054 shares of the oil and natural gas company’s stock valued at $164,000 after buying an additional 371 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brendan E. Krueger bought 5,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were bought at an average price of $33.35 per share, with a total value of $166,750.00. Following the completion of the transaction, the insider directly owned 295,917 shares in the company, valued at $9,868,831.95. This trade represents a 1.72% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Roth Capital lowered Antero Resources from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $44.00 to $32.00 in a report on Monday, August 18th. Citigroup raised shares of Antero Resources from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $39.00 in a research note on Tuesday, September 23rd. Scotiabank reissued an “outperform” rating on shares of Antero Resources in a research note on Wednesday, August 13th. Jefferies Financial Group cut their price target on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Antero Resources in a report on Tuesday. One investment analyst has 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, Antero Resources currently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

Antero Resources Price Performance

Shares of AR opened at $35.16 on Thursday. The firm has a 50-day simple moving average of $33.12 and a two-hundred day simple moving average of $34.98. The stock has a market cap of $10.85 billion, a PE ratio of 18.70 and a beta of 0.62. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $44.01. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.30 and a quick ratio of 0.30.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.