Accordant Advisory Group Inc Makes New $1.64 Million Investment in Antero Resources Corporation $AR

Accordant Advisory Group Inc acquired a new position in shares of Antero Resources Corporation (NYSE:AR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 40,609 shares of the oil and natural gas company’s stock, valued at approximately $1,636,000. Antero Resources makes up 1.2% of Accordant Advisory Group Inc’s holdings, making the stock its 24th largest position.

Several other institutional investors and hedge funds have also modified their holdings of AR. Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of Antero Resources during the first quarter worth $6,761,000. PNC Financial Services Group Inc. raised its holdings in shares of Antero Resources by 14.3% in the first quarter. PNC Financial Services Group Inc. now owns 11,670 shares of the oil and natural gas company’s stock valued at $472,000 after buying an additional 1,461 shares during the last quarter. Voya Investment Management LLC lifted its position in Antero Resources by 22.8% during the 1st quarter. Voya Investment Management LLC now owns 184,972 shares of the oil and natural gas company’s stock worth $7,480,000 after buying an additional 34,311 shares in the last quarter. Jefferies Financial Group Inc. grew its holdings in Antero Resources by 41.6% during the 1st quarter. Jefferies Financial Group Inc. now owns 1,787,785 shares of the oil and natural gas company’s stock worth $72,298,000 after acquiring an additional 525,180 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Antero Resources by 46.1% in the 1st quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company’s stock valued at $92,563,000 after acquiring an additional 721,767 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Antero Resources from $49.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Roth Capital lowered Antero Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $44.00 to $32.00 in a research report on Monday, August 18th. Barclays decreased their price objective on Antero Resources from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company raised Antero Resources from an “equal weight” rating to an “overweight” rating and set a $39.00 price target on the stock in a research note on Monday, November 3rd. Finally, Citigroup upgraded Antero Resources from a “neutral” rating to a “buy” rating and raised their price target for the company from $37.00 to $39.00 in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Antero Resources Stock Performance

AR stock opened at $35.11 on Thursday. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $44.01. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The company has a market cap of $10.83 billion, a P/E ratio of 18.67 and a beta of 0.62. The business’s fifty day moving average is $32.98 and its 200-day moving average is $35.08.

Insiders Place Their Bets

In related news, insider Brendan E. Krueger bought 5,000 shares of Antero Resources stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $33.35 per share, for a total transaction of $166,750.00. Following the completion of the acquisition, the insider owned 295,917 shares in the company, valued at approximately $9,868,831.95. This represents a 1.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.30% of the company’s stock.

Antero Resources Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.