Envestnet Asset Management Inc. Buys 136,166 Shares of Antero Resources Corporation $AR

Envestnet Asset Management Inc. lifted its stake in shares of Antero Resources Corporation (NYSE:AR) by 309.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,156 shares of the oil and natural gas company’s stock after acquiring an additional 136,166 shares during the period. Envestnet Asset Management Inc. owned approximately 0.06% of Antero Resources worth $6,046,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AR. NewEdge Advisors LLC increased its holdings in Antero Resources by 16,498.3% during the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after purchasing an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Antero Resources by 7.9% during the first 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 worth $23,882,000 after buying an additional 43,312 shares during the period. Focus Partners Wealth grew its holdings in shares of 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 buying an additional 3,169 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Antero Resources in the 2nd quarter valued at approximately $508,000. Finally, D.A. Davidson & CO. lifted its stake in Antero Resources by 23.5% in the 2nd quarter. D.A. Davidson & CO. now owns 11,711 shares of the oil and natural gas company’s stock valued at $472,000 after acquiring an additional 2,232 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Performance

Shares of AR opened at $35.54 on Friday. The company has a market cap of $10.96 billion, a PE ratio of 17.59 and a beta of 0.55. The firm has a 50-day moving average of $33.87 and a 200-day moving average of $33.40. Antero Resources Corporation has a one year low of $29.10 and a one year high of $44.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm earned $0.48 EPS. Antero Resources’s quarterly revenue was up 20.8% compared to the same quarter last year. As a group, equities analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Antero Resources in a research report on Monday, December 29th. Mizuho set a $47.00 target price on shares of Antero Resources in a report on Friday, December 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $39.00 price target (down from $44.00) on shares of Antero Resources in a research note on Monday, December 8th. Bank of America boosted their price target on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, Tudor Pickering upgraded shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Four investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.93.

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.