Oppenheimer Asset Management Inc. Acquires New Stake in Antero Resources Corporation $AR

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

Several other hedge funds have also added to or reduced their stakes in AR. NewEdge Advisors LLC increased its holdings in shares of Antero Resources by 16,498.3% during the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock valued at $389,000 after acquiring an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Antero Resources by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock valued at $23,882,000 after purchasing an additional 43,312 shares during the last quarter. Focus Partners Wealth grew its position in Antero Resources by 18.9% during the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock valued at $806,000 after purchasing an additional 3,169 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Antero Resources by 701.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after purchasing an additional 2,616 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Antero Resources by 22.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock valued at $1,470,000 after purchasing an additional 6,700 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Antero Resources from $56.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Truist Financial reduced their price target on shares of Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. The Goldman Sachs Group decreased their price objective 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. Benchmark upped their price objective on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Finally, Mizuho increased their target price on Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. 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 stock. According to MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus target price of $48.25.

Antero Resources Stock Performance

AR stock opened at $36.43 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The company has a market cap of $11.20 billion, a P/E ratio of 10.47 and a beta of 0.34. The stock’s fifty day moving average price is $34.86 and its 200-day moving average price is $36.66.

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.