Antero Resources (NYSE:AR) Given New $60.00 Price Target at Raymond James

Antero Resources (NYSE:AR) had its price target upped by Raymond James from $44.00 to $60.00 in a research note published on Thursday,Benzinga reports. They currently have a strong-buy rating on the oil and natural gas company’s stock.

Several other research analysts also recently commented on AR. Mizuho raised their price target on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Truist Financial boosted their price objective on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Barclays dropped their target price on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Thursday, January 16th. Finally, 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 for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.63.

Antero Resources Stock Down 0.6 %

AR stock opened at $40.50 on Thursday. Antero Resources has a twelve month low of $20.56 and a twelve month high of $41.53. The firm has a market capitalization of $12.60 billion, a PE ratio of 289.31 and a beta of 3.37. 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 50-day simple moving average of $34.40 and a two-hundred day simple moving average of $30.32.

Institutional Investors Weigh In On Antero Resources

Large investors have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of Antero Resources by 357.3% during the third 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 period. Pinnacle Bancorp Inc. bought a new position in Antero Resources during the 4th quarter valued at approximately $28,000. True Wealth Design LLC purchased a new stake in Antero Resources in the 3rd quarter worth approximately $30,000. Capital Performance Advisors LLP purchased a new stake in Antero Resources in the 3rd quarter worth approximately $45,000. Finally, Mattson Financial Services LLC bought a new stake in shares of Antero Resources in the 2nd quarter worth approximately $64,000. Institutional investors own 83.04% of the company’s stock.

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.