Allspring Global Investments Holdings LLC Raises Stake in Antero Resources Corporation $AR

Allspring Global Investments Holdings LLC increased its holdings in Antero Resources Corporation (NYSE:AR) by 36.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 467,035 shares of the oil and natural gas company’s stock after buying an additional 124,783 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Antero Resources were worth $16,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of Antero Resources by 96.2% in the first quarter. AQR Capital Management LLC now owns 1,269,904 shares of the oil and natural gas company’s stock worth $51,355,000 after acquiring an additional 622,506 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Antero Resources during the 1st quarter worth about $856,000. NewEdge Advisors LLC raised its stake in shares of 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 valued at $389,000 after buying an additional 9,569 shares during the last quarter. Petrus Trust Company LTA acquired a new position in shares of Antero Resources in the 1st quarter valued at about $546,000. Finally, Voleon Capital Management LP lifted its holdings in shares of Antero Resources by 134.8% in the 1st quarter. Voleon Capital Management LP now owns 106,996 shares of the oil and natural gas company’s stock valued at $4,327,000 after buying an additional 61,431 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Performance

NYSE:AR opened at $34.16 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31. The company has a fifty day moving average of $34.33 and a two-hundred day moving average of $34.10. The stock has a market capitalization of $10.54 billion, a PE ratio of 18.17 and a beta of 0.50. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $44.01.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.38). Antero Resources had a net margin of 11.73% and a return on equity of 7.51%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business earned ($0.07) EPS. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, research analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AR has been the topic of several analyst reports. Bank of America raised their target price on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Jefferies Financial Group dropped their price objective on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Tudor Pickering raised shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Citigroup raised shares of Antero Resources from a “neutral” rating to a “buy” rating and increased their price target for the stock from $37.00 to $39.00 in a report on Tuesday, September 23rd. Finally, Morgan Stanley raised their price target on shares of Antero Resources from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, December 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and a consensus price target of $45.47.

Insider Buying and Selling

In other news, insider Brendan E. Krueger bought 5,000 shares of Antero Resources stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $33.35 per share, with a total value of $166,750.00. Following the completion of the acquisition, the insider directly owned 295,917 shares of the company’s stock, valued at $9,868,831.95. The trade was a 1.72% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.30% of the company’s stock.

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.