Antero Resources Corporation $AR Shares Acquired by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its Antero Resources stake by 3,994.7% in the second quarter, acquiring 260,494 additional shares for a total position worth approximately $9.48 million. Institutional investors collectively own 83.04% of the company.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $49.12. Wells Fargo, Goldman Sachs and UBS raised their targets, while JPMorgan reduced its target and maintained a neutral rating.
• Antero Resources shares opened at $39.18, with a market capitalization of approximately $12.05 billion and a 52-week trading range of $29.10 to $45.75.

Hsbc Holdings PLC lifted its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 3,994.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,015 shares of the oil and natural gas company's stock after purchasing an additional 260,494 shares during the period. Hsbc Holdings PLC owned approximately 0.09% of Antero Resources worth $9,475,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Beacon Pointe Advisors LLC purchased a new position in Antero Resources during the second quarter worth approximately $461,000. Pin Oak Investment Advisors Inc. bought a new position in Antero Resources during the second quarter worth $410,000. Empowered Funds LLC acquired a new position in Antero Resources during the 2nd quarter valued at approximately $5,225,000. Jefferies Financial Group Inc. acquired a new stake in shares of Antero Resources in the second quarter valued at approximately $2,416,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Antero Resources during the 2nd quarter valued at $7,573,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Analysts Set New Price Targets

AR has been the topic of several research reports. Wells Fargo & Company upped 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. The Goldman Sachs Group increased their target price on Antero Resources from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Wednesday, September 2nd. UBS Group increased their price objective on shares of Antero Resources from $50.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, July 31st. JPMorgan Chase & Co. lowered their price target on 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, Texas Capital upgraded shares of Antero Resources to a "strong-buy" rating in a research report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $49.12.

Antero Resources Stock Up 0.3%

NYSE:AR opened at $39.18 on Thursday. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of 11.26 and a beta of 0.35. 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 stock's 50 day moving average price is $36.29 and its two-hundred day moving average price is $37.17.

Antero Resources Company 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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