Captrust Financial Advisors Raises Holdings in Antero Resources Co. (NYSE:AR)

Captrust Financial Advisors boosted its stake in shares of Antero Resources Co. (NYSE:AR) by 17.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,327 shares of the oil and natural gas company’s stock after acquiring an additional 3,022 shares during the quarter. Captrust Financial Advisors’ holdings in Antero Resources were worth $582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Icon Wealth Advisors LLC boosted its holdings in Antero Resources by 5.8% during the 3rd quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company’s stock valued at $242,000 after acquiring an additional 460 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Antero Resources by 1.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,622 shares of the oil and natural gas company’s stock valued at $1,823,000 after acquiring an additional 1,216 shares during the period. Townsquare Capital LLC boosted its holdings in Antero Resources by 25.2% during the 3rd quarter. Townsquare Capital LLC now owns 12,996 shares of the oil and natural gas company’s stock valued at $372,000 after acquiring an additional 2,613 shares during the period. Goodman Financial Corp boosted its holdings in Antero Resources by 2.4% during the 3rd quarter. Goodman Financial Corp now owns 503,919 shares of the oil and natural gas company’s stock valued at $14,437,000 after acquiring an additional 11,910 shares during the period. Finally, D.A. Davidson & CO. bought a new position in Antero Resources during the 3rd quarter valued at approximately $1,372,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Stock Up 6.0 %

AR stock opened at $32.91 on Thursday. Antero Resources Co. has a twelve month low of $20.10 and a twelve month high of $36.28. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market cap of $10.24 billion, a PE ratio of 235.07 and a beta of 3.42. The business has a 50 day moving average of $29.78 and a 200 day moving average of $29.84.

Analysts Set New Price Targets

A number of research analysts have commented on AR shares. UBS Group upped their price target on Antero Resources from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday. Raymond James upped their price target on Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. Morgan Stanley lowered their price target on Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Wolfe Research raised Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price target for the company in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company lowered their price target on Antero Resources from $25.00 to $24.00 and set an “underweight” rating for the company in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.06.

Antero Resources Company 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.