Antero Resources Corporation $AR Shares Acquired by Merit Financial Group LLC

Merit Financial Group LLC lifted its stake in shares of Antero Resources Corporation (NYSE:AR) by 59.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,207 shares of the oil and natural gas company’s stock after purchasing an additional 14,920 shares during the quarter. Merit Financial Group LLC’s holdings in Antero Resources were worth $1,413,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Annandale Capital LLC grew its position in Antero Resources by 0.4% in the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock valued at $2,475,000 after buying an additional 300 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Antero Resources by 16.7% during the fourth quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock worth $73,000 after acquiring an additional 301 shares during the period. Brooklyn Investment Group raised its holdings in Antero Resources by 2.0% during the third quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after purchasing an additional 305 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Antero Resources by 4.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after purchasing an additional 343 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 345 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Performance

Shares of AR opened at $37.45 on Thursday. The company has a 50-day simple moving average of $34.81 and a 200-day simple moving average of $36.62. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $11.51 billion, a PE ratio of 10.76 and a beta of 0.34. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $45.75.

Analyst Ratings Changes

A number of brokerages have weighed in on AR. The Goldman Sachs Group lowered their price objective on Antero Resources from $46.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Texas Capital raised Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Benchmark raised their price target on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho raised their price target on Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, Bank of America lifted their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Three investment 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.31.

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.