Antero Resources Corporation $AR Holdings Increased by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group increased its Antero Resources stake by 167.3% in the third quarter, bringing its holdings to 53,564 shares valued at approximately $1.79 million.
• Institutional investors own 83.04% of Antero Resources, with major new positions established by BlackRock, Bank of America and Webs Creek Capital Management.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $48.11; Antero shares opened at $41.64 and have traded between $29.10 and $45.75 over the past year.

Citizens Financial Group Inc. RI grew its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 167.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,564 shares of the oil and natural gas company's stock after acquiring an additional 33,527 shares during the period. Citizens Financial Group Inc. RI's holdings in Antero Resources were worth $1,789,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AR. Bank of America Corp DE acquired a new position in Antero Resources in the second quarter valued at approximately $40,916,000. BIP Wealth LLC purchased a new position in shares of Antero Resources during the second quarter worth about $1,633,000. Webs Creek Capital Management LP purchased a new stake in shares of Antero Resources during the 2nd quarter worth $46,963,240. BlackRock Inc. purchased a new stake in Antero Resources in the 2nd quarter valued at approximately $966,982,000. Finally, Clough Capital Partners L P lifted its holdings in shares of Antero Resources by 46.3% during the 1st 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. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AR shares. Mizuho dropped their price objective on Antero Resources from $57.00 to $51.00 and set an "outperform" rating on the stock in a report on Thursday, October 8th. Wells Fargo & Company increased their price target on Antero Resources from $52.00 to $57.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Benchmark increased their price target on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Stifel Nicolaus assumed coverage on Antero Resources in a research report on Thursday, September 10th. They set a "hold" rating and a $42.00 price target on the stock. Finally, Scotiabank started coverage on shares of Antero Resources in a research note on Wednesday, October 14th. They issued a "sector outperform" rating and a $46.00 target price for the company. Five equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $48.11.

Antero Resources Stock Up 3.7%

Shares of NYSE AR opened at $41.64 on Tuesday. The business has a 50-day simple moving average of $37.18 and a two-hundred day simple moving average of $36.56. The company has a market cap of $12.80 billion, a P/E ratio of 11.96 and a beta of 0.54. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29.

Antero Resources Profile

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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