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

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

A number of analysts recently issued reports on AR shares. JPMorgan Chase & Co. dropped their price target on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. The Goldman Sachs Group dropped their target price on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Barclays reduced their price target on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. BMO Capital Markets boosted their price objective on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Finally, Raymond James increased their target price on Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st.

Antero Resources Price Performance

Shares of NYSE AR opened at $32.37 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources has a fifty-two week low of $20.56 and a fifty-two week high of $36.28. The business has a 50 day moving average price of $29.89 and a two-hundred day moving average price of $29.82. The firm has a market cap of $10.07 billion, a PE ratio of 231.21 and a beta of 3.42.

Hedge Funds Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Diversified Trust Co acquired a new stake in Antero Resources in the second quarter worth about $1,154,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Antero Resources by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after acquiring an additional 122,815 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Antero Resources by 269.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after acquiring an additional 2,893,395 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Antero Resources by 85.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company’s stock worth $4,810,000 after purchasing an additional 77,193 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in Antero Resources in the second quarter worth approximately $17,307,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.