Antero Resources Co. (NYSE:AR) Receives $34.78 Consensus PT from Analysts

Antero Resources Co. (NYSE:AR) has been assigned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $34.78.

A number of brokerages have commented on AR. Raymond James raised their price objective on Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. Barclays decreased 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 note on Thursday, October 3rd. JPMorgan Chase & Co. dropped their price objective 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. Citigroup lifted their target price on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Friday.

Antero Resources Stock Performance

Shares of NYSE AR opened at $35.96 on Thursday. Antero Resources has a 12 month low of $20.56 and a 12 month high of $36.33. The company has a market cap of $11.19 billion, a P/E ratio of 256.86 and a beta of 3.37. The business’s 50 day moving average is $31.62 and its two-hundred day moving average is $29.70. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AR. Wellington Management Group LLP grew its stake in shares of Antero Resources by 4.0% in the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after purchasing an additional 675,053 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after buying an additional 61,490 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Antero Resources by 10.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock valued at $125,452,000 after buying an additional 411,549 shares during the last quarter. Merewether Investment Management LP increased its stake in shares of Antero Resources by 4.6% in the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock valued at $96,061,000 after buying an additional 128,200 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Antero Resources by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after acquiring an additional 122,815 shares during the last quarter. 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.