Antero Resources Corporation $AR Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of Antero Resources Corporation (NYSE:AR) by 56.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 406,900 shares of the oil and natural gas company’s stock after purchasing an additional 147,571 shares during the quarter. Intech Investment Management LLC’s holdings in Antero Resources were worth $13,656,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Huntington National Bank lifted its position in shares of Antero Resources by 91.3% in the 2nd 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 during the last quarter. Root Financial Partners LLC acquired a new stake in Antero Resources during the third quarter worth about $26,000. Newbridge Financial Services Group Inc. lifted its holdings in Antero Resources by 114.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock worth $38,000 after acquiring an additional 500 shares during the last quarter. Clearstead Advisors LLC boosted its stake in Antero Resources by 100.1% in the third quarter. Clearstead Advisors LLC now owns 2,487 shares of the oil and natural gas company’s stock valued at $83,000 after acquiring an additional 1,244 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Antero Resources by 701.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after acquiring an additional 2,616 shares during the period. Institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Tudor Pickering upgraded Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Barclays dropped their target price on Antero Resources from $46.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 21st. Wall Street Zen downgraded shares of Antero Resources from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Antero Resources in a report on Monday, December 29th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $36.00 price objective on shares of Antero Resources in a research report on Monday, December 8th. Four research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.93.

Antero Resources Price Performance

Shares of AR opened at $34.38 on Friday. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 17.02 and a beta of 0.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. Antero Resources Corporation has a one year low of $29.10 and a one year high of $44.01. The stock’s fifty day moving average is $33.89 and its 200-day moving average is $33.43.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.13. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.33 billion. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. Equities analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current year.

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.