Wealth Enhancement Advisory Services LLC Has $1.95 Million Stake in Antero Resources Corporation $AR

Wealth Enhancement Advisory Services LLC grew its position in Antero Resources Corporation (NYSE:AR) by 35.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,383 shares of the oil and natural gas company’s stock after acquiring an additional 15,145 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Antero Resources were worth $1,945,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AR. Amalgamated Bank increased its holdings in Antero Resources by 0.4% during the 3rd quarter. Amalgamated Bank now owns 133,798 shares of the oil and natural gas company’s stock valued at $4,490,000 after purchasing an additional 566 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Antero Resources by 4.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,888,545 shares of the oil and natural gas company’s stock worth $63,380,000 after purchasing an additional 75,102 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Antero Resources by 36.8% during the third quarter. Sequoia Financial Advisors LLC now owns 8,163 shares of the oil and natural gas company’s stock worth $274,000 after purchasing an additional 2,196 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Antero Resources by 8.5% during the third quarter. Maryland State Retirement & Pension System now owns 14,705 shares of the oil and natural gas company’s stock worth $494,000 after purchasing an additional 1,148 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of Antero Resources by 25.0% in the third quarter. Evergreen Capital Management LLC now owns 14,741 shares of the oil and natural gas company’s stock valued at $495,000 after buying an additional 2,951 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AR. Roth Mkm reissued a “neutral” rating and set a $36.00 price objective on shares of Antero Resources in a report on Monday, December 8th. Bank of America upped their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Zacks Research raised shares of Antero Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Jefferies Financial Group reduced their price objective on Antero Resources from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Antero Resources in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.60.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $36.34 on Friday. The firm has a fifty day moving average of $34.36 and a two-hundred day moving average of $33.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 19.33 and a beta of 0.50. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.01.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, October 29th. The oil and natural gas company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.25 billion. Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the firm earned ($0.07) earnings per share. As a group, equities research analysts predict that Antero Resources Corporation will post 2.74 EPS for the current year.

Insider Transactions at Antero Resources

In related news, insider Brendan E. Krueger bought 5,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $33.35 per share, for a total transaction of $166,750.00. Following the transaction, the insider owned 295,917 shares of the company’s stock, valued at $9,868,831.95. This represents a 1.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.30% of the company’s stock.

About Antero Resources

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.