Antero Resources Co. (NYSE:AR) Receives $33.83 Average Target Price from Brokerages

Antero Resources Co. (NYSE:AR) has been assigned an average rating of “Moderate Buy” from the nineteen analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $34.06.

A number of research firms have recently commented on AR. Raymond James raised their target price on Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. StockNews.com raised Antero Resources to a “sell” rating in a research report on Friday, November 1st. Bank of America started coverage on shares of Antero Resources in a research report on Monday, October 28th. They issued a “buy” rating and a $36.00 target price on the stock. BMO Capital Markets lifted their price target on shares of Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Finally, The Goldman Sachs Group cut their price objective on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, September 6th.

Antero Resources Trading Down 0.4 %

NYSE AR opened at $31.05 on Friday. The stock has a market cap of $9.66 billion, a P/E ratio of 221.79 and a beta of 3.42. Antero Resources has a fifty-two week low of $20.10 and a fifty-two week high of $36.28. The stock has a 50 day simple moving average of $29.71 and a two-hundred day simple moving average of $29.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AR. Icon Wealth Advisors LLC raised its position in Antero Resources by 5.8% in the third quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company’s stock worth $242,000 after acquiring an additional 460 shares during the period. Chickasaw Capital Management LLC increased its stake in shares of Antero Resources by 5.5% in the 3rd quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock worth $273,000 after purchasing an additional 500 shares in the last quarter. Wedmont Private Capital raised its holdings in Antero Resources by 4.2% in the 3rd quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company’s stock worth $505,000 after purchasing an additional 681 shares during the period. UMB Bank n.a. lifted its position in Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 686 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Antero Resources by 19.9% during the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock valued at $121,000 after purchasing an additional 702 shares during the period. Institutional investors own 83.04% of the company’s stock.

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.