Antero Resources Co. (NYSE:AR) Receives $32.83 Average PT from Brokerages

Antero Resources Co. (NYSE:AR) has earned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $32.83.

A number of analysts have recently weighed in on AR shares. Roth Mkm began coverage on shares of Antero Resources in a report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 target price on the stock. The Goldman Sachs Group decreased their price target on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Roth Capital raised Antero Resources to a “strong-buy” rating in a research note on Tuesday, August 27th. Mizuho dropped their target price on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Finally, Citigroup assumed coverage on shares of Antero Resources in a research note on Tuesday, September 17th. They set a “neutral” rating and a $29.00 price objective for the company.

Antero Resources Stock Performance

Shares of AR opened at $30.49 on Wednesday. The business has a fifty day moving average of $28.01 and a 200 day moving average of $30.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $9.49 billion, a P/E ratio of 217.79 and a beta of 3.36. Antero Resources has a one year low of $20.10 and a one year high of $36.28.

Institutional Trading of Antero Resources

A number of institutional investors have recently added to or reduced their stakes in AR. Vaughan Nelson Investment Management L.P. increased its stake in shares of Antero Resources by 269.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock worth $129,453,000 after buying an additional 2,893,395 shares during the last quarter. Natixis Advisors LLC raised its stake in Antero Resources by 488.7% during the second quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock worth $46,624,000 after acquiring an additional 1,186,163 shares during the period. Acadian Asset Management LLC lifted its holdings in Antero Resources by 7,781.2% in the second quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock worth $31,113,000 after acquiring an additional 941,756 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Antero Resources in the first quarter valued at approximately $25,288,000. Finally, HITE Hedge Asset Management LLC boosted its position in Antero Resources by 537.2% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock valued at $27,352,000 after purchasing an additional 804,851 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.