Brokerages Set Antero Resources Corporation (NYSE:AR) Target Price at $48.31

Antero Resources Corporation (NYSE:AR) has earned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $48.3125.

A number of analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. The Goldman Sachs Group dropped their price target on Antero Resources from $46.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Zacks Research lowered Antero Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Mizuho boosted their price objective on Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Finally, Benchmark increased their price objective on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, August 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AR. Brandywine Global Investment Management LLC increased its stake in Antero Resources by 77.8% in the 4th quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock valued at $7,425,000 after buying an additional 94,260 shares during the period. Kailix Advisors LLC increased its position in Antero Resources by 15.5% during the 4th quarter. Kailix Advisors LLC now owns 374,484 shares of the oil and natural gas company’s stock worth $12,905,000 after purchasing an additional 50,150 shares during the period. BIP Wealth LLC acquired a new stake in shares of Antero Resources in the 2nd quarter valued at approximately $1,633,000. Diamond Hill Capital Management Inc. grew its holdings in Antero Resources by 10.8% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company’s stock worth $22,743,000 after acquiring an additional 64,378 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Antero Resources by 22.5% in the fourth quarter. Bank of New York Mellon Corp now owns 3,101,208 shares of the oil and natural gas company’s stock valued at $106,868,000 after acquiring an additional 569,817 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Trading Up 0.3%

NYSE AR opened at $38.57 on Tuesday. The firm’s fifty day moving average price is $35.63 and its 200 day moving average price is $36.92. Antero Resources has a 12 month low of $29.10 and a 12 month high of $45.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 11.08 and a beta of 0.34.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.