Cerity Partners LLC Has $8.06 Million Stock Holdings in Antero Resources Co. (NYSE:AR)

Cerity Partners LLC lifted its position in Antero Resources Co. (NYSE:AR) by 62.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,246 shares of the oil and natural gas company’s stock after buying an additional 108,373 shares during the period. Cerity Partners LLC’s holdings in Antero Resources were worth $8,058,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AR. Price T Rowe Associates Inc. MD increased its stake in Antero Resources by 6.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 151,281 shares of the oil and natural gas company’s stock worth $4,388,000 after purchasing an additional 8,877 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Antero Resources during the first quarter worth $247,000. Confluence Investment Management LLC lifted its position in Antero Resources by 3.4% in the 2nd quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock valued at $604,000 after acquiring an additional 616 shares in the last quarter. GAMMA Investing LLC boosted its stake in Antero Resources by 27.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 655 shares during the period. Finally, Lesa Sroufe & Co bought a new position in Antero Resources during the 2nd quarter worth about $221,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AR shares. Wells Fargo & Company cut their price target on Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a report on Friday, October 18th. Truist Financial reduced their price target on Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, September 30th. The Goldman Sachs Group reduced their target price on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a report on Friday, September 6th. UBS Group lowered their price target on shares of Antero Resources from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, Roth Mkm initiated coverage on shares of Antero Resources in a research note on Tuesday, August 27th. They set a “buy” rating and a $32.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.50.

Antero Resources Stock Down 1.8 %

AR stock opened at $32.48 on Thursday. Antero Resources Co. has a 1-year low of $20.10 and a 1-year high of $36.28. The business’s 50 day simple moving average is $28.95 and its 200 day simple moving average is $29.98. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $10.11 billion, a PE ratio of 232.43 and a beta of 3.36.

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.