Oxbow Advisors LLC Acquires New Holdings in Antero Resources Corporation $AR

Oxbow Advisors LLC bought a new stake in Antero Resources Corporation (NYSE:AR) during the second quarter, Holdings Channel.com reports. The firm bought 170,853 shares of the oil and natural gas company’s stock, valued at approximately $6,004,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AR. Eastern Bank acquired a new position in shares of Antero Resources during the second quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Antero Resources in the 2nd quarter valued at $29,000. Sunbelt Securities Inc. acquired a new stake in shares of Antero Resources during the 3rd quarter valued at $30,000. IFP Advisors Inc boosted its holdings in shares of Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after acquiring an additional 345 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Antero Resources during the fourth quarter valued at about $41,000. Institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of AR opened at $37.10 on Wednesday. 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 $11.41 billion, a price-to-earnings ratio of 10.66 and a beta of 0.34. The business has a 50-day moving average of $34.91 and a 200-day moving average of $36.68.

Analyst Upgrades and Downgrades

AR has been the topic of several research reports. Zacks Research cut Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Mizuho raised their price objective on shares of Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Wolfe Research reiterated an “outperform” rating and set a $48.00 target price on shares of Antero Resources in a research report on Thursday, July 30th. Wells Fargo & Company boosted their target price on shares of Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, UBS Group lifted their price target on shares of Antero Resources from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.25.

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.