26,433 Shares in Antero Resources Corporation $AR Purchased by MBL Wealth LLC

Key Points

• MBL Wealth LLC purchased 26,433 shares of Antero Resources in the third quarter, valued at approximately $883,000. Institutional investors collectively own 83.04% of the company.
• Analysts maintain a generally positive outlook, with the stock receiving a consensus “Moderate Buy” rating and an average price target of $48.11.
• Antero Resources shares opened at $40.25, compared with a 12-month range of $29.10 to $45.75; the company has a market capitalization of approximately $12.37 billion.

MBL Wealth LLC bought a new position in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,433 shares of the oil and natural gas company's stock, valued at approximately $883,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in shares of Antero Resources in the third quarter valued at $205,000. Nisa Investment Advisors LLC lifted its position in Antero Resources by 0.7% during the third quarter. Nisa Investment Advisors LLC now owns 42,333 shares of the oil and natural gas company's stock worth $1,413,000 after buying an additional 291 shares during the period. Kaufman Rossin Wealth LLC purchased a new position in Antero Resources during the third quarter worth about $232,000. Counterpoint Mutual Funds LLC lifted its position in Antero Resources by 3,281.2% during the third quarter. Counterpoint Mutual Funds LLC now owns 273,369 shares of the oil and natural gas company's stock worth $9,128,000 after buying an additional 265,284 shares during the period. Finally, Aspiriant LLC acquired a new stake in Antero Resources in the 3rd quarter worth about $235,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AR has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price target on Antero Resources from $42.00 to $48.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. Citigroup cut their price objective on shares of Antero Resources from $53.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Barclays cut their price objective on shares of Antero Resources from $46.00 to $45.00 and set an "equal weight" rating on the stock in a report on Monday, August 17th. JPMorgan Chase & Co. decreased their target price on shares of Antero Resources from $49.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 8th. Finally, Wolfe Research restated an "outperform" rating and issued a $48.00 target price on shares of Antero Resources in a report on Thursday, July 30th. Five investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.11.

Antero Resources Stock Performance

Antero Resources stock opened at $40.25 on Friday. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 11.57 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 debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The stock's 50-day moving average is $37.14 and its 200-day moving average is $36.41.

About Antero Resources

Antero Resources Corporation is an independent energy company engaged in the development, production, exploration and acquisition of natural gas, natural gas liquids (NGLs) and oil. The company's operations are focused primarily on the Appalachian Basin in the United States.

Antero Resources holds extensive interests in the Marcellus and Utica shale formations, with drilling and production activities concentrated in West Virginia and Ohio. Its product portfolio includes natural gas, ethane, propane, butane, natural gasoline and oil or condensate, which are marketed to domestic and international energy customers.

Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.

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