Antero Resources (NYSE:AR) Rating Increased to Equal Weight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Antero Resources (NYSE:AR) from an underweight rating to an equal weight rating in a research report sent to investors on Tuesday, Marketbeat Ratings reports. They currently have $32.00 price objective on the oil and natural gas company’s stock, up from their previous price objective of $24.00.

AR has been the subject of several other research reports. JPMorgan Chase & Co. lowered their target price on Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Citigroup upped their price objective on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Mizuho boosted their target price on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday. Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $40.00 to $44.00 in a research note on Tuesday, August 20th. Finally, BMO Capital Markets boosted their price objective on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.78.

Antero Resources Stock Up 1.0 %

NYSE AR opened at $30.86 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. Antero Resources has a fifty-two week low of $20.56 and a fifty-two week high of $36.28. The stock has a market capitalization of $9.60 billion, a PE ratio of 220.43 and a beta of 3.42. The business has a fifty day moving average price of $30.04 and a two-hundred day moving average price of $29.75.

Institutional Investors Weigh In On Antero Resources

Institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in shares of Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after purchasing an additional 686 shares during the last quarter. True Wealth Design LLC bought a new position in Antero Resources during the third quarter valued at $30,000. Capital Performance Advisors LLP purchased a new stake in Antero Resources in the third quarter worth $45,000. Mattson Financial Services LLC bought a new stake in shares of Antero Resources in the second quarter valued at $64,000. Finally, Innealta Capital LLC purchased a new position in shares of Antero Resources during the 2nd quarter valued at $137,000. 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.