Analysts Set Antero Resources Co. (NYSE:AR) Price Target at $38.63

Shares of Antero Resources Co. (NYSE:AR) have been given an average rating of “Moderate Buy” by the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $39.00.

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 14th. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. Bank of America initiated 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. Citigroup increased their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, BMO Capital Markets upped their price objective on shares of Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 4th.

Institutional Investors Weigh In On Antero Resources

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its holdings in 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of Antero Resources by 1.3% during the third 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 acquiring an additional 61,490 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in 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 purchasing an additional 411,549 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Antero Resources by 4.8% during the 3rd 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 purchasing an additional 122,815 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Antero Resources by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock worth $55,278,000 after buying an additional 27,617 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Trading Down 1.7 %

AR stock opened at $37.21 on Monday. 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 twelve month low of $20.56 and a twelve month high of $41.53. The company has a market cap of $11.58 billion, a P/E ratio of 265.80 and a beta of 3.37. The business has a fifty day moving average of $35.04 and a 200-day moving average of $30.54.

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.