Deutsche Bank AG Makes New $25.26 Million Investment in Antero Resources Corporation $AR

Key Points

• Deutsche Bank acquired 718,957 shares of Antero Resources in the second quarter, worth approximately $25.26 million and representing about 0.23% of the company.
• Institutional investors and hedge funds own 83.04% of Antero Resources, with several firms recently increasing their positions.
• Analysts maintain a favorable outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $48.31, versus a recent price of $38.04.

Deutsche Bank AG purchased a new stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 718,957 shares of the oil and natural gas company's stock, valued at approximately $25,264,000. Deutsche Bank AG owned about 0.23% of Antero Resources at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AR. Annandale Capital LLC increased its position in Antero Resources by 0.4% during the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company's stock worth $2,475,000 after purchasing an additional 300 shares during the period. Parallel Advisors LLC increased its stake in Antero Resources by 16.7% during the 4th quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company's stock worth $73,000 after buying an additional 301 shares during the period. Brooklyn Investment Group boosted its stake in Antero Resources by 2.0% during the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company's stock valued at $529,000 after acquiring an additional 305 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Antero Resources by 4.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company's stock valued at $293,000 after purchasing an additional 343 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company's stock valued at $31,000 after purchasing an additional 345 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Price Performance

Shares of NYSE:AR opened at $38.04 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. The company has a 50 day moving average of $35.08 and a 200 day moving average of $36.71. The stock has a market cap of $11.70 billion, a P/E ratio of 10.93 and a beta of 0.34. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wolfe Research reissued an "outperform" rating and set a $48.00 price target on shares of Antero Resources in a research report on Thursday, July 30th. Texas Capital raised Antero Resources to a "strong-buy" rating in a research note on Thursday, June 25th. Morgan Stanley reiterated an "overweight" rating and set a $49.00 target price on shares of Antero Resources in a report on Wednesday. The Goldman Sachs Group lowered their target price on Antero Resources from $46.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, June 30th. Finally, Benchmark upped their price objective on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $48.31.

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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