Antero Resources (NYSE:AR) Upgraded by StockNews.com to “Sell” Rating

StockNews.com upgraded shares of Antero Resources (NYSE:AR) to a sell rating in a report released on Thursday morning.

A number of other equities analysts have also recently weighed in on AR. Bank of America started coverage on Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price objective on the stock. Truist Financial lifted their price target on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday. Mizuho upped their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. Finally, UBS Group upped their price target on shares of Antero Resources from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Antero Resources has an average rating of “Moderate Buy” and an average price target of $36.35.

Antero Resources Stock Up 0.9 %

AR opened at $40.59 on Thursday. The business’s fifty day simple moving average is $33.43 and its 200 day simple moving average is $30.06. Antero Resources has a 52 week low of $20.56 and a 52 week high of $40.93. 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 cap of $12.63 billion, a PE ratio of 289.93 and a beta of 3.37.

Hedge Funds Weigh In On Antero Resources

Hedge funds have recently made changes to their positions in the business. HITE Hedge Asset Management LLC increased its position in shares of Antero Resources by 537.2% during the third quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock valued at $27,352,000 after buying an additional 804,851 shares during the period. Wellington Management Group LLP boosted its position in Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after acquiring an additional 675,053 shares in the last quarter. Kailix Advisors LLC purchased a new position in shares of Antero Resources during the 3rd quarter worth approximately $17,327,000. Driehaus Capital Management LLC bought a new position in shares of Antero Resources in the 2nd quarter worth approximately $17,307,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Antero Resources by 36.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock valued at $50,060,000 after purchasing an additional 464,970 shares during the period. 83.04% of the stock is owned by hedge funds and other 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.