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

Wealth Enhancement Advisory Services LLC increased its position in Antero Resources Corporation (NYSE:AR) by 35.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,383 shares of the oil and natural gas company’s stock after acquiring an additional 15,145 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Antero Resources were worth $1,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Huntington National Bank increased its stake in shares of Antero Resources by 91.3% in the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after purchasing an additional 313 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in Antero Resources by 114.2% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after purchasing an additional 500 shares during the period. FNY Investment Advisers LLC grew its holdings in Antero Resources by 9,900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after buying an additional 1,485 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Antero Resources by 701.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after buying an additional 2,616 shares during the period. Finally, Quent Capital LLC acquired a new position in shares of Antero Resources during the third quarter worth approximately $136,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Bank of America raised their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Morgan Stanley decreased their price target on shares of Antero Resources from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Roth Mkm restated a “neutral” rating and set a $36.00 price objective on shares of Antero Resources in a report on Monday, December 8th. BMO Capital Markets increased their target price on shares of Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, December 9th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $39.00 target price (down from $44.00) on shares of Antero Resources in a research report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.60.

Insider Activity

In other news, insider Brendan E. Krueger bought 5,000 shares of Antero Resources stock in a transaction dated Friday, November 7th. The shares were bought at an average price of $33.35 per share, for a total transaction of $166,750.00. Following the purchase, the insider owned 295,917 shares of the company’s stock, valued at approximately $9,868,831.95. This trade represents a 1.72% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.30% of the company’s stock.

Antero Resources Stock Up 2.9%

NYSE AR opened at $36.34 on Friday. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $44.01. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 19.33 and a beta of 0.50. The stock’s 50 day moving average is $34.36 and its two-hundred day moving average is $33.38. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.17.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). The company had revenue of $1.21 billion during 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 company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) earnings per share. Equities analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

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.