Raymond James Forecasts Strong Price Appreciation for Antero Resources (NYSE:AR) Stock

Antero Resources (NYSE:AR) had its target price boosted by Raymond James from $34.00 to $44.00 in a research report report published on Thursday morning,Benzinga reports. Raymond James currently has a strong-buy rating on the oil and natural gas company’s stock.

Other equities research analysts have also recently issued reports about the company. The Goldman Sachs Group lowered their price objective on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Barclays lowered their price objective on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. UBS Group lowered their price objective on Antero Resources from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Bank of America began coverage on Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their target price on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.50.

Antero Resources Price Performance

NYSE:AR opened at $33.40 on Thursday. Antero Resources has a 52 week low of $20.10 and a 52 week high of $36.28. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $10.39 billion, a PE ratio of 238.57 and a beta of 3.36. The stock’s 50-day moving average price is $28.55 and its 200-day moving average price is $30.06.

Institutional Trading of Antero Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in shares of Antero Resources during the first quarter worth $322,000. Vanguard Group Inc. increased its position in shares of Antero Resources by 1.3% during the first quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock worth $813,932,000 after acquiring an additional 372,450 shares during the period. Hood River Capital Management LLC increased its position in shares of Antero Resources by 81.5% during the first quarter. Hood River Capital Management LLC now owns 117,658 shares of the oil and natural gas company’s stock worth $3,412,000 after acquiring an additional 52,843 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Antero Resources by 6.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 151,281 shares of the oil and natural gas company’s stock worth $4,388,000 after acquiring an additional 8,877 shares during the period. Finally, Progeny 3 Inc. grew its stake in shares of Antero Resources by 93.8% during the first quarter. Progeny 3 Inc. now owns 382,400 shares of the oil and natural gas company’s stock worth $11,090,000 after purchasing an additional 185,100 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.