Antero Resources Co. (NYSE:AR) Shares Bought by Guggenheim Capital LLC

Posted by on Sep 2nd, 2023

Guggenheim Capital LLC increased its holdings in Antero Resources Co. (NYSE:AR – Free Report) by 47.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,375 shares of the oil and natural gas company’s stock after purchasing an additional 20,026 shares during the quarter. Guggenheim Capital LLC’s holdings in Antero Resources were worth $1,440,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its holdings in Antero Resources by 2,883.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,611 shares of the oil and natural gas company’s stock worth $50,000 after purchasing an additional 1,557 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Antero Resources during the first quarter valued at approximately $46,000. US Bancorp DE raised its holdings in shares of Antero Resources by 3,532.9% during the first quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company’s stock valued at $78,000 after acquiring an additional 2,473 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Antero Resources by 122.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,890 shares of the oil and natural gas company’s stock valued at $90,000 after acquiring an additional 1,590 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Antero Resources during the fourth quarter valued at approximately $93,000. Institutional investors and hedge funds own 80.20% of the company’s stock.

Antero Resources Trading Up 1.9 %

Shares of Antero Resources stock opened at $28.20 on Friday. Antero Resources Co. has a fifty-two week low of $19.91 and a fifty-two week high of $42.39. The stock has a 50 day moving average of $25.27 and a 200 day moving average of $23.82. The firm has a market capitalization of $8.47 billion, a price-to-earnings ratio of 6.35 and a beta of 3.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.26 and a current ratio of 0.26.

Antero Resources (NYSE:AR – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The oil and natural gas company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.01. Antero Resources had a return on equity of 13.17% and a net margin of 21.81%. The business had revenue of $953.31 million during the quarter, compared to analysts’ expectations of $935.87 million. During the same period in the previous year, the firm posted $1.69 earnings per share. The company’s revenue was down 56.7% on a year-over-year basis. As a group, research analysts predict that Antero Resources Co. will post 0.37 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on AR. Wells Fargo & Company increased their target price on Antero Resources from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday. Siebert Williams Shank assumed coverage on Antero Resources in a report on Friday, June 30th. They set a “hold” rating and a $27.00 target price for the company. JPMorgan Chase & Co. lowered Antero Resources from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $36.00 to $30.00 in a research report on Tuesday, June 27th. Morgan Stanley dropped their price target on Antero Resources from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Finally, The Goldman Sachs Group upped their price target on Antero Resources from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $33.50.

Get Our Latest Stock Analysis on Antero Resources

About Antero Resources

(Free Report)

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 through three segments: Exploration, Development and Production of Natural Gas, NGLs and Oil; Marketing and Utilization of Excess Firm Transportation Capacity; and Midstream Services Through Our Equity Method Investment in Antero Midstream.

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Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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