Oppenheimer Asset Management Inc. Buys Shares of 24,105 Antero Resources Corporation $AR

Oppenheimer Asset Management Inc. purchased a new position in Antero Resources Corporation (NYSE:AR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 24,105 shares of the oil and natural gas company’s stock, valued at approximately $847,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Annandale Capital LLC increased its stake in shares of Antero Resources by 0.4% in the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after purchasing an additional 300 shares in the last quarter. Parallel Advisors LLC lifted its position in Antero Resources by 16.7% during the fourth quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock valued at $73,000 after purchasing an additional 301 shares in the last quarter. Brooklyn Investment Group lifted its position in Antero Resources by 2.0% during the third quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock valued at $529,000 after purchasing an additional 305 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Antero Resources by 4.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock valued at $293,000 after purchasing an additional 343 shares during the period. Finally, IFP Advisors Inc grew its holdings in Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 345 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Down 2.5%

AR stock opened at $36.43 on Tuesday. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 10.47 and a beta of 0.34. The business has a 50 day simple moving average of $34.86 and a two-hundred day simple moving average of $36.66.

Analyst Ratings Changes

Several research analysts have recently commented on AR shares. Texas Capital raised Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Truist Financial cut their price objective on Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. The Goldman Sachs Group reduced their target price on shares of Antero Resources from $46.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Weiss Ratings upgraded shares of Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Finally, Zacks Research downgraded shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Three 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.25.

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.