Pacer Advisors Inc. Boosts Position in Antero Resources Corporation $AR

Key Points

• Pacer Advisors increased its Antero Resources stake by 91% in the first quarter, ending with 66,936 shares valued at approximately $2.84 million. Institutional investors collectively own 83.04% of AR’s outstanding shares.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $48.53. Several firms recently raised their targets, although Zacks downgraded the stock to “Hold.”
• Antero Resources shares opened at $34.97, versus a 52-week range of $29.10 to $45.75. The company focuses on developing natural gas, NGLs and oil properties across roughly 1.8 million net acres in the Appalachian Basin.

Pacer Advisors Inc. raised its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 91.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,936 shares of the oil and natural gas company's stock after acquiring an additional 31,885 shares during the period. Pacer Advisors Inc.'s holdings in Antero Resources were worth $2,841,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AR. Sunbelt Securities Inc. acquired a new stake in shares of Antero Resources in the third quarter worth $30,000. IFP Advisors Inc grew its position in Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company's stock worth $31,000 after purchasing an additional 345 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Antero Resources during the 4th quarter worth about $41,000. McIlrath & Eck LLC purchased a new position in shares of Antero Resources during the 1st quarter valued at about $53,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Antero Resources during the 4th quarter valued at about $44,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on AR. Bank of America upped their target price on Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, April 21st. Mizuho lifted their price target on Antero Resources from $54.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Wells Fargo & Company boosted 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. Zacks Research downgraded Antero Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Finally, Barclays raised their price objective on shares of Antero Resources from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.53.

Antero Resources Price Performance

NYSE:AR opened at $34.97 on Friday. 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 Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The stock's 50-day moving average price is $34.78 and its 200-day moving average price is $36.52. The stock has a market capitalization of $10.75 billion, a PE ratio of 10.05 and a beta of 0.34.

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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