Brokerages Set Antero Resources Co. (NYSE:AR) Target Price at $34.78

Antero Resources Co. (NYSE:ARGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $34.78.

Several equities analysts have commented on AR shares. StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Friday. UBS Group boosted their target price on Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price target on the stock in a report on Wednesday, September 11th. Bank of America assumed coverage on Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective for the company. Finally, Mizuho upped their target price on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th.

Get Our Latest Report on Antero Resources

Institutional Trading of Antero Resources

Several institutional investors have recently added to or reduced their stakes in AR. CIBC Asset Management Inc increased its holdings in shares of Antero Resources by 19.3% in the 2nd quarter. CIBC Asset Management Inc now owns 8,494 shares of the oil and natural gas company’s stock worth $277,000 after acquiring an additional 1,372 shares during the period. Versor Investments LP acquired a new stake in shares of Antero Resources in the second quarter valued at approximately $395,000. Rhumbline Advisers raised its holdings in shares of Antero Resources by 1.1% during the second quarter. Rhumbline Advisers now owns 792,733 shares of the oil and natural gas company’s stock valued at $25,867,000 after buying an additional 8,285 shares during the last quarter. VELA Investment Management LLC boosted its position in shares of Antero Resources by 38.4% during the second quarter. VELA Investment Management LLC now owns 31,328 shares of the oil and natural gas company’s stock worth $1,022,000 after buying an additional 8,685 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Antero Resources by 2.7% during the second quarter. Victory Capital Management Inc. now owns 740,778 shares of the oil and natural gas company’s stock worth $24,172,000 after buying an additional 19,127 shares during the period. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Down 1.8 %

Shares of NYSE:AR opened at $34.94 on Thursday. The company has a market capitalization of $10.87 billion, a price-to-earnings ratio of 249.57 and a beta of 3.37. Antero Resources has a 12-month low of $20.56 and a 12-month high of $36.28. The business has a 50-day moving average price of $31.45 and a 200 day moving average price of $29.70. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Antero Resources Company Profile

(Get 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 in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.

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Analyst Recommendations for Antero Resources (NYSE:AR)

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