Wealth Enhancement Advisory Services LLC Increases Position in Antero Resources Corporation $AR

Key Points

• Wealth Enhancement Advisory Services increased its Antero Resources stake by 39.7% in the second quarter, adding 46,542 shares to own 163,670 shares worth approximately $5.75 million. Institutional investors and hedge funds collectively own 83.04% of the company.
• Antero Resources shares opened at $37.45, with a market capitalization of $11.51 billion and a 52-week trading range of $29.10 to $45.75. The company has moderate leverage, with a debt-to-equity ratio of 0.29.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $48.31, implying potential upside from the current share price.

Wealth Enhancement Advisory Services LLC increased its stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 39.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 163,670 shares of the oil and natural gas company's stock after buying an additional 46,542 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.05% of Antero Resources worth $5,751,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Eastern Bank acquired a new position in shares of Antero Resources during the second quarter worth about $26,000. Sunbelt Securities Inc. acquired a new stake in shares of Antero Resources in the 3rd quarter worth approximately $30,000. IFP Advisors Inc increased its stake 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 in the last quarter. Los Angeles Capital Management LLC acquired a new position in Antero Resources during the fourth quarter worth $41,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Antero Resources during the fourth quarter worth $44,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Price Performance

Shares of NYSE AR opened at $37.45 on Thursday. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 10.76 and a beta of 0.34. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. The business has a 50 day simple moving average of $34.81 and a 200-day simple moving average of $36.62. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Mizuho boosted their price objective on shares of Antero Resources from $54.00 to $57.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Morgan Stanley lowered their target price on shares of Antero Resources from $56.00 to $48.00 and set an "overweight" rating for the company in a report on Monday, June 29th. Texas Capital upgraded Antero Resources to a "strong-buy" rating in a report on Thursday, June 25th. Wolfe Research reiterated an "outperform" rating and set a $48.00 price objective on shares of Antero Resources in a research note on Thursday, July 30th. Finally, Barclays upped their target price on Antero Resources from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 30th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.31.

About Antero Resources

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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