Antero Resources Corporation $AR Stock Purchased by Krilogy Financial LLC

Krilogy Financial LLC lifted its position in shares of Antero Resources Corporation (NYSE:AR) by 73.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 33,505 shares of the oil and natural gas company’s stock after acquiring an additional 14,192 shares during the quarter. Krilogy Financial LLC’s holdings in Antero Resources were worth $1,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AR. Bank of America Corp DE bought a new stake in Antero Resources during the 2nd quarter valued at $40,916,000. BIP Wealth LLC purchased a new stake in shares of Antero Resources during the second quarter worth $1,633,000. BlackRock Inc. bought a new position in shares of Antero Resources in the second quarter worth $966,982,000. Clough Capital Partners L P boosted its holdings in shares of Antero Resources by 46.3% in the first quarter. Clough Capital Partners L P now owns 503,153 shares of the oil and natural gas company’s stock worth $21,354,000 after acquiring an additional 159,332 shares during the period. Finally, Webs Creek Capital Management LP bought a new position in shares of Antero Resources in the second quarter worth $46,963,240. Institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of NYSE:AR opened at $36.44 on Friday. The company has a 50 day moving average of $36.89 and a 200 day moving average of $36.48. The stock has a market cap of $11.20 billion, a P/E ratio of 10.47 and a beta of 0.54. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AR. Citigroup reduced their price target on Antero Resources from $53.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Wolfe Research reiterated an “outperform” rating and set a $48.00 price objective on shares of Antero Resources in a research note on Thursday, July 30th. Benchmark increased their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. The Goldman Sachs Group raised their target price on Antero Resources from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Finally, Mizuho cut their target price on Antero Resources from $57.00 to $51.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $48.11.

Antero Resources Profile

Antero Resources Corporation (NYSE: AR) is an independent oil and natural gas company engaged in the acquisition, development and production of unconventional resources. The company’s operations are focused primarily on the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and crude oil.

Antero’s asset base is concentrated in the Marcellus and Utica shale formations in West Virginia and Ohio. Its products include pipeline-quality natural gas as well as NGLs such as ethane, propane, butane and natural gasoline.