19,470 Antero Resources Corporation $AR Shares Acquired by Brighton Jones LLC

Brighton Jones LLC boosted its holdings in Antero Resources Corporation (NYSE:AR) by 51.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 57,476 shares of the oil and natural gas company’s stock after buying an additional 19,470 shares during the quarter. Brighton Jones LLC’s holdings in Antero Resources were worth $1,919,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AR. BlackRock Inc. acquired a new stake in shares of Antero Resources in the second quarter worth approximately $966,982,000. Dimensional Fund Advisors LP raised its position in shares of Antero Resources by 12.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock worth $434,597,000 after buying an additional 1,153,422 shares during the period. Bank of New York Mellon Corp boosted its holdings in Antero Resources by 12.2% in the first quarter. Bank of New York Mellon Corp now owns 3,478,218 shares of the oil and natural gas company’s stock valued at $147,616,000 after acquiring an additional 377,010 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Antero Resources during the second quarter valued at about $100,212,000. Finally, Palo Duro Investment Partners LP purchased a new stake in Antero Resources during the second quarter valued at about $95,985,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on AR shares. Raymond James Financial upped their price target on Antero Resources from $50.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 1st. Weiss Ratings raised shares of Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, October 27th. Morgan Stanley boosted their price objective on shares of Antero Resources from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Stifel Nicolaus assumed coverage on shares of Antero Resources in a research report on Thursday, September 10th. They issued a “hold” rating and a $42.00 price objective for the company. Finally, Barclays cut their target price on shares of Antero Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. Five equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.74.

Antero Resources Stock Up 0.7%

NYSE AR opened at $36.32 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.27. Antero Resources Corporation has a fifty-two week low of $31.15 and a fifty-two week high of $45.75. The business has a 50 day moving average price of $37.51 and a two-hundred day moving average price of $36.91. The stock has a market cap of $11.16 billion, a PE ratio of 8.20 and a beta of 0.50.

Antero Resources Company Profile

Antero Resources Corporation is an independent energy company focused on acquiring, developing and producing natural gas, natural gas liquids and oil from unconventional reserves in the Appalachian Basin. Its operations are concentrated in the Marcellus Shale in West Virginia and the Utica Shale in Ohio.

The company’s products include natural gas and natural gas liquids such as ethane, propane, butane and natural gasoline. Antero also markets and transports its production to customers, including users in domestic and international energy markets.

Founded in 2002, Antero Resources is headquartered in Denver, Colorado.