State of Wyoming Invests $1.08 Million in Antero Resources Corporation $AR

Key Points

• Wyoming acquired a new $1.08 million stake in Antero Resources, purchasing 30,811 shares during the second quarter. Institutional investors collectively own 83.04% of the company.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $48.31. Recent calls included Benchmark raising its target to $47 and Truist maintaining a Buy rating despite lowering its target to $52.
• Antero Resources shares opened at $37.42, up 1.6%, with a market capitalization of approximately $11.5 billion. Zacks raised several longer-term earnings estimates, though it retained a Hold rating and trimmed select future-quarter forecasts.

State of Wyoming acquired a new stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 30,811 shares of the oil and natural gas company's stock, valued at approximately $1,083,000.

A number of other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in Antero Resources by 177.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company's stock worth $153,261,000 after buying an additional 2,309,388 shares during the period. AQR Capital Management LLC raised its holdings in Antero Resources by 140.2% during the third quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company's stock valued at $116,371,000 after acquiring an additional 2,023,828 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in Antero Resources during the fourth quarter valued at about $58,831,000. Aventail Capital Group LP lifted its position in shares of Antero Resources by 553.6% in the fourth quarter. Aventail Capital Group LP now owns 1,713,233 shares of the oil and natural gas company's stock valued at $59,038,000 after acquiring an additional 1,451,091 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Antero Resources by 676.5% in the third quarter. Marshall Wace LLP now owns 1,632,627 shares of the oil and natural gas company's stock valued at $54,791,000 after acquiring an additional 1,422,377 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Truist Financial dropped their price objective on Antero Resources from $56.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Jefferies Financial Group reissued a "buy" rating and issued a $57.00 price target on shares of Antero Resources in a report on Friday, May 1st. Zacks Research downgraded Antero Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Roth Capital reaffirmed a "neutral" rating and set a $38.00 price objective on shares of Antero Resources in a report on Thursday, April 30th. Finally, Benchmark lifted their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research report on Wednesday. Three investment 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $48.31.

Key Stories Impacting Antero Resources

Here are the key news stories impacting Antero Resources this week:

• Positive Sentiment: Zacks Research raised several earnings forecasts. Estimates increased for Q3 2026 EPS to $1.01 from $0.89, Q4 2026 EPS to $1.04 from $0.97, FY2026 EPS to $3.89 from $3.71, FY2027 EPS to $3.59 from $3.53, and FY2028 EPS to $4.27 from $4.07. The revisions indicate improved expectations for Antero Resources’ longer-term earnings performance.
• Positive Sentiment: Zacks also lifted its Q1 2027 EPS estimate to $1.06 from $0.97, Q3 2027 EPS to $0.81 from $0.77, and Q1 2028 EPS to $1.13 from $0.83. These upgrades provide additional support for the stock’s recent strength.
• Positive Sentiment: Siebert Williams Shank reaffirmed its Buy rating on AR, reinforcing a positive Wall Street view of the oil and natural gas producer. Siebert Williams Shank & Co Reaffirms Their Buy Rating on Antero Resources
• Positive Sentiment: Benchmark projected strong price appreciation for Antero Resources, adding to the bullish sentiment surrounding the shares. Benchmark Forecasts Strong Price Appreciation for Antero Resources
• Neutral Sentiment: Despite the upgrades, Zacks Research maintained a Hold rating. Its current full-year earnings consensus is $3.94 per share, above the revised FY2026 estimate but below the FY2028 forecast, leaving valuation and commodity-price risks as important considerations.
• Negative Sentiment: Zacks reduced its Q4 2027 EPS estimate to $1.01 from $1.06 and Q2 2028 EPS to $1.05 from $1.08. These cuts temper the otherwise favorable earnings-revision trend.

Antero Resources Stock Up 1.6%

AR opened at $37.42 on Friday. The company has a market capitalization of $11.50 billion, a PE ratio of 10.75 and a beta of 0.34. The firm has a 50-day simple moving average of $34.85 and a two-hundred day simple moving average of $36.64. 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.

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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