StockNews.com Upgrades Antero Resources (NYSE:AR) to Sell

Antero Resources (NYSE:AR) was upgraded by StockNews.com to a “sell” rating in a research report issued on Thursday.

AR has been the subject of several other research reports. BMO Capital Markets lifted their price objective on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Truist Financial lifted their price target on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday. Bank of America started coverage on shares of Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price objective on the stock. UBS Group boosted their target price on shares of Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $36.35.

Antero Resources Stock Performance

NYSE AR opened at $40.25 on Thursday. The firm has a market cap of $12.52 billion, a price-to-earnings ratio of 287.50 and a beta of 3.37. 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 has a 1-year low of $20.56 and a 1-year high of $40.53. The company has a 50 day moving average of $32.96 and a 200-day moving average of $29.91.

Institutional Trading of Antero Resources

A number of institutional investors and hedge funds have recently modified their holdings of the stock. HB Wealth Management LLC bought a new position in Antero Resources during the 4th quarter worth approximately $203,000. Hennessy Advisors Inc. raised its holdings in Antero Resources by 4.3% in the fourth quarter. Hennessy Advisors Inc. now owns 24,200 shares of the oil and natural gas company’s stock worth $848,000 after purchasing an additional 1,000 shares during the period. Pinnacle Bancorp Inc. bought a new position in shares of Antero Resources during the fourth quarter worth $28,000. Capital CS Group LLC acquired a new position in shares of Antero Resources in the 4th quarter valued at $615,000. Finally, Wedmont Private Capital increased its position in shares of Antero Resources by 28.5% in the 4th quarter. Wedmont Private Capital now owns 21,716 shares of the oil and natural gas company’s stock valued at $832,000 after buying an additional 4,810 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

About Antero Resources

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.