40,241 Shares in Antero Resources Corporation $AR Purchased by Cibc World Market Inc.

Key Points

• CIBC World Markets purchased 40,241 shares of Antero Resources in the second quarter, valued at approximately $1.4 million. Institutional investors collectively own 83.04% of the company.
• Antero Resources shares opened at $38.55, near the middle of their 12-month range of $29.10 to $45.75. The company has an $11.85 billion market capitalization and a relatively low debt-to-equity ratio of 0.29.
• Analysts maintain a Moderate Buy consensus rating, with an average price target of $48.31, implying potential upside from the reported share price.

Cibc World Market Inc. purchased a new stake in Antero Resources Corporation (NYSE:AR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 40,241 shares of the oil and natural gas company's stock, valued at approximately $1,414,000.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Antero Resources during the second quarter worth approximately $966,982,000. Dimensional Fund Advisors LP grew its position in shares of Antero Resources by 12.7% in the first quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company's stock valued at $434,597,000 after purchasing an additional 1,153,422 shares during the last quarter. State Street Corp increased its stake in shares of Antero Resources by 1.2% during the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company's stock worth $341,368,000 after purchasing an additional 116,461 shares during the period. Sourcerock Group LLC increased its stake in shares of Antero Resources by 10.6% during the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company's stock worth $328,529,000 after purchasing an additional 783,117 shares during the period. Finally, Invesco Ltd. lifted its holdings in Antero Resources by 18.0% during the 4th quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company's stock worth $172,291,000 after purchasing an additional 761,842 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Up 0.1%

Shares of AR opened at $38.55 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75. The firm's 50 day moving average is $35.43 and its 200-day moving average is $36.85. The stock has a market capitalization of $11.85 billion, a PE ratio of 11.08 and a beta of 0.34.

Wall Street Analysts Forecast Growth

AR has been the subject of several recent research reports. Weiss Ratings upgraded Antero Resources from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Roth Capital reiterated a "neutral" rating and set a $38.00 price objective on shares of Antero Resources in a research report on Thursday, April 30th. Wolfe Research reiterated an "outperform" rating and set a $48.00 price objective on shares of Antero Resources in a research report on Thursday, July 30th. Wells Fargo & Company lifted their target price on Antero Resources from $52.00 to $57.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, Citigroup reduced their target price on shares of Antero Resources from $53.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Antero Resources currently has a consensus rating of "Moderate Buy" and an average price target of $48.31.

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.

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