Commerce Bank Acquires Shares of 13,396 Antero Resources Corporation $AR

Commerce Bank bought a new stake in shares of Antero Resources Corporation (NYSE:AR) during the second quarter, HoldingsChannel reports. The firm bought 13,396 shares of the oil and natural gas company’s stock, valued at approximately $471,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AR. NewEdge Advisors LLC increased its stake in shares of Antero Resources by 16,498.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after acquiring an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Antero Resources by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock valued at $23,882,000 after acquiring an additional 43,312 shares during the period. Focus Partners Wealth boosted its stake in Antero Resources by 18.9% during the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after acquiring an additional 3,169 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Antero Resources by 701.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after acquiring an additional 2,616 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Antero Resources by 22.5% during the second quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock worth $1,470,000 after acquiring an additional 6,700 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Up 0.1%

NYSE:AR opened at $38.55 on Friday. The firm has a market cap of $11.85 billion, a P/E ratio of 11.08 and a beta of 0.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The firm has a 50-day simple moving average of $35.43 and a two-hundred day simple moving average of $36.85.

Analysts Set New Price Targets

AR has been the subject of a number of analyst reports. UBS Group raised their target price 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. dropped 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. Truist Financial cut their price target on Antero Resources from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a $57.00 price objective on shares of Antero Resources in a research report on Friday, May 1st. Finally, Mizuho lifted their price objective on Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.